E-book Category: Education E-book Title: Principles of Microeconmics CLEP test Book Description: The Principles of Microeconmics CLEP test will teach you everything you need to know to pass the Principles of Microeconomics test. You'll learn and apply knowledge of market systems, social systems and economies of scale. Don't let the "big" words scare you. Once you've mastered a few concepts, you'll feel confident talking about economies.
Using our comprehensive system, you'll study with our flashcards and add your own to drill down on specific subjects that are giving you trouble. Download our gift to you, Study Tips for CLEP Students, to get you started. Detailed information in this guide includes:
• Basic Economic Concepts • Scarcity the Nature of Economic Systems • Opportunity Costs and Productive Possibilities • Comparative Advantage • Supply and Demand • Demand, Supply and Price Determination • Consumer Demand • Diminishing Marginal Benefit • Consumer's Surplus • Shift in Demand Curve • Elasticity of Demand • Firm's Production Cost and Revenue • Revenue • Long run costs and economies of scale • Long Period Total Cost Curves • Economies of scale • Profit Maximization • Perfect Competition • Monopolistic Competition • Monopoly • Efficiency • Factor Market • Derived Demand • Determination of Wages and Other Factors of Production • Distribution of Income • Market Failures and the Role of Government • Externalities, Public Good and Information Economics • Externalities: a.k.a. spillover or Third Party effect • Public Good • Sample Test Questions
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