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Credit Sprint's Guide to the CLEP® Principles of Microeconomics Exam

The exam at a glance

About 80 multiple-choice questions in 90 minutes. Some are unscored pretest questions, so don't panic over a strange one.
Scores run from 20 to 80. The American Council on Education recommends credit for a 50, worth 3 semester hours, but each college sets its own policy.
Product markets are the biggest area (55–70%): supply and demand, consumer choice, production and costs, and market structures.
There's no free-response section and no penalty for guessing, so answer every question.

Check your college's CLEP® policy first: the score it requires and the course it gives credit for. Search your registrar's site for "CLEP".
Finish the free Modern States course for Principles of Microeconomics to get a voucher that covers the exam fee.
Check the current exam fee on the official CLEP® site. Test centers and remote proctoring can add their own fee.

Test centers are often on college campuses. Bring an approved photo ID.
At-home exams use remote proctoring with an equipment check, an ID scan and a room scan before you start.
Read the official at-home testing requirements well before exam day.

Pace yourself: 90 minutes for about 80 questions is just over a minute each. Flag hard questions and come back.
Sketch the graph on scratch paper. Most micro questions are a demand curve, a cost curve or a payoff matrix in disguise.
Your score appears on screen right after the exam for most subjects.

Scores sent to colleges can take a couple of weeks to arrive, and the college may need more time to post credit.
If you don't pass, you must wait three months before retaking the same exam.
Use the wait: your mistakes notebook and a fresh study plan will be ready.

Sources: CLEP® Principles of Microeconomics · At-home CLEP® exams · Modern States. Policies change; confirm details on the official CLEP® site.