Principles of Microeconomics

Name: Principles of Microeconomics
Price: 5.54 USD
Availability: InStock
ISBN: 9780738603124

ISBN-10: 0738603120

ISBN-13: 9780738603124

Edition: N/A

Authors: Richard Sattora

List price: $34.95

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Description:

REA’s new CLEP (College-Level Examination Program) test prep with TESTware for the CLEP Microeconomics exam comes with 2 full-length practice tests in the book and on CD-ROM in timed format with instant scoring. The comprehensive review covers all microeconomics topics found on the official exam, encompassing the principles of economics that apply to the analysis of the behavior of individual consumers and businesses in the economy. Also includes test-taking tips and study strategies for confidence on test day. TESTware CD-ROM - 2 full-length practice tests on CD-ROM -nbsp;Timed testing and instant and accuratenbsp;scoring - Complete explanations to all answers …

Book details

List price: $34.95
Publisher: Research & Education Association
Publication date: 9/21/2007
Binding: Paperback
Pages: 224
Size: 6.50" wide x 9.50" long x 0.75" tall
Weight: 0.748
Language: English



Independent Study Schedule


Introduction: Passing the CLEP Principles of Microeconomics Exam


About This Book and Testware“


About the Exam


How to Use This Book


Format and Content of the Exam


About Our Course Review


Scoring Your Practice Tests


Studying for the CLEP


The Day of the Exam


Basic Economic Concepts Review


Key Terms


Economic Foundations


Economic Methodology


Origins of Supply


Origins of Demand


The Nature and Function of Product Markets


Circular Flow Model


CLEP Microeconomics Course Review


Key Terms


The Nature and Function of Product Markets


Interaction of Supply and Demand


Price Elasticity of Demand


The Total Revenue Test


Cross Elasticity of Demand


Price Elasticity of Supply


Consumer Choice


Income Constraints and Budget Limits


Producer Behavior


Opportunity (Economic) Cost


Producer Time Constraints


Short-Run Production Costs


Cost Analysis


Long-Run Costs of Production


Four Production Market Models


Factor Markets


Pricing and Employment of Factor Markets


Marginal Resource Productivity Theory


The Labor Market and Wages


Efficiency, Equity, and the Role of Government


Government Intervention


Main Government Intervention Methods


Income Equality and Poverty


Taxation


Transfer Payments


Antidiscrimination Laws


Practice Test 1


Answer Key


Detailed Explanations of Answers


Practice Test 2


Answer Key


Detailed Explanations of Answers


Glossary


Answer Sheets


Index