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Study Guide

Test Design and Test Objectives
Field 35: Economics

Test Overview

Format Computer-based test (CBT)
Number of Questions 100 selected-response questions
Time 2 hours and 30 minutes (does not include 15-minute CBT tutorial)
Passing Score 240
Pie chart of approximate test weighting, detailed in the table below.

Test Objectives

Table outlining test content and subject weighting by sub area and objective
Subareas Range of Objectives Approximate Test Proportions
I Basic Economic Concepts and Microeconomics 01–03 28%
II Macroeconomics, Economic Theories, and International Economics 04–07 36%
III Economic Inquiry Skills 08–09 18%
IV Consumer Economics 10–11 18%
Total Proportion 100%

 

Subarea I–Basic Economic Concepts and Microeconomics

Objective 0001: Understand basic economic concepts and terms.
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Objective 0002: Understand basic principles of microeconomics.
For example:
Objective 0003: Understand concepts, issues, and principles related to how businesses use resources and interact with the marketplace.
For example:

 

Subarea II–Macroeconomics, Economic Theories, and International Economics

Objective 0004: Understand basic theories of macroeconomics.
For example:
Objective 0005: Understand principles and concepts related to government decisions on taxation, spending, and regulation.
For example:
Objective 0006: Understand principles and concepts of money and banking.
For example:
Objective 0007: Understand principles and components of international economics and trade.
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Subarea III–Economic Inquiry Skills

Objective 0008: Apply methods for interpreting, organizing, and presenting economic information.
For example:
Objective 0009: Apply methods for analyzing economic issues.
For example:

 

Subarea IV–Consumer Economics

Objective 0010: Understand how opportunity cost affects personal financial decisions.
For example:
Objective 0011: Understand the opportunity cost involved in the purchase, use, and disposal of goods and services.
For example: