Principles of Microeconomics

Analyze the behavior of individual consumers and businesses in the economy.

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  • Course Type CLEP
  • Subject History and Social Sciences
  • Level Introductory
  • Length 4 weeks
  • Effort 6 hours/week
  • Institution Modern States


This course covers material that is usually taught in an introductory one-semester college course on microeconomics. Our goal is to prepare you to pass the CLEP examination and obtain college credit for free.

Questions on this exam will require you to apply analytical techniques to hypothetical as well as real-world situations and to analyze and evaluate economic decisions. You are expected to demonstrate an understanding of how free markets work and allocate resources efficiently.

“Principles of Microeconomics” is a completely self-paced course.  It has no prerequisites and it is offered entirely for free.


This course is designed to prepare you for the CLEP Principles of Microeconomics exam and cover other related topics as well.


  • Helena Keefe, Ph.D.

    Helena Glebocki Keefe is Assistant Professor of Practice in the Economics Department at Fairfield University. She joined the department after completing her PhD at Fordham University, where she also taught Principles of Macroeconomics and Principles of Microeconomics for five years. She is passionate about teaching economics, and working with students that are new to economics.

    Her area of expertise is in international economics, and she conducts research on emerging market economies, remittances, exchange rate markets, and central bank currency market intervention. She is also affiliated with the Center for International Policy Studies at Fordham University, working on research that facilitates international development from a multi-disciplinary perspective.

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