Study Guide

Overview and Test Objectives
Field 007: Economics

Test Overview

Table outlining the test format, number of questions, time, and passing score.
Format Computer-based test (CBT) and paper-based test (PBT)
Number of Questions 100 multiple-choice questions
Time
  • CBT: 2 hours 30 minutes*
  • PBT: up to 4 hours 30 minutes
    (up to 2 partial-session tests may be taken in one test session—test session information is on your test's information page)
Passing Score 220

*Does not include 15-minute CBT tutorial

Test Objectives

Table outlining test content and subject weighting by sub area and objective.
Subarea Range of Objectives Approximate Percentage of Questions on Test
I Economic Concepts and Systems 001–002 25%
II Macroeconomics 003–004 20%
III International Economics 005–006 20%
IV Consumer Economics and Personal Finance 007 10%
V Interdisciplinary Perspectives 008–011 25%
Pie chart of approximate test weighting, detailed in the table below.

Subarea I—ECONOMIC CONCEPTS AND SYSTEMS

Objective 001—Understand economic terms, concepts, and systems.

Includes:

Objective 002—Understand the market economy.

Includes:

 

Subarea II—MACROECONOMICS

Objective 003—Understand the national economy.

Includes:

Objective 004—Understand fiscal and monetary policy.

Includes:

 

Subarea III—INTERNATIONAL ECONOMICS

Objective 005—Understand international trade.

Includes:

Objective 006—Understand international development.

Includes:

 

Subarea IV—CONSUMER ECONOMICS AND PERSONAL FINANCE

Objective 007—Understand principles and practices related to consumer economics and personal finance.

Includes:

 

Subarea V— INTERDISCIPLINARY PERSPECTIVES

Objective 008—Understand the relationship between history and economics.

Includes:

Objective 009—Understand the relationship between geography and economics.

Includes:

Objective 010—Understand the relationship between political science and economics.

Includes:

Objective 011—Understand core democratic values, recognize the rights and responsibilities of citizenship in a democratic society, and apply methods for analyzing public policy questions.

Includes: