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Most American high schools require students to pass a course in economics prior to graduation. For some students, the knowledge acquired during this course could be applied toward college economics credit as well. The College Level Examination Program (CLEP) offers its Principles of Macroeconomics test in order to give students in advanced academic positions the opportunity to gain college credit after taking a 90-minute test. If you can demonstrate your economic knowledge and achieve a high enough score to get school credit, you may not have to take required lower level or prerequisite economics courses during your undergraduate study.
However, just because the CLEP exam covers the material in an introductory class on macroeconomics does not mean that the material is simple or basic. The CLEP Macroeconomics exam covers a diverse array of topics, such as gross domestic product, the Federal Reserve Bank, fiscal policy, foreign exchange markets, aggregate supply and demand, and many other economics issues. All of this is presented in a flurry of multiple-choice questions that require not just strong test-taking skills, but a deep knowledge of macroeconomic analytics that can be recalled instantly. The CLEP Principles of Macroeconomics test demands you become truly expert in understanding economics. Reaching that level of comprehension on your own can seem like a nearly impossible task.