Description of the Examination
The Principles of Macroeconomics examination covers material that is usually taught in a one-semester undergraduate course in this subject. This aspect of economics deals with principles of economics that apply to an economy as a whole, particularly the general price level, output and income, and interrelations among sectors of the economy. The test places particular emphasis on the determinants of aggregate demand and aggregate supply, and on monetary and fiscal policy tools that can be used to achieve particular policy objectives. Within
this context, candidates are expected to understand basic economic concepts such as scarcity and comparative advantage and me pretest questions that will not be scored. Any time candidates spend on tutorials and providing personal information is in addition to the actual testing time.
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