- Course type: Self-paced
- Available Lessons: 258
- Average Lesson Length: 8 min
Eligible for Certificate:
Certificates show that you have completed the course. They do not provide credit.
Watch a preview:chapter 1 / lesson 1What is Economics? - Definition & Types
This course can be found in: AEPA Test Prep
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Course SummaryUse this study guide's video lessons and quizzes to master concepts covered on the Arizona Educator Proficiency Assessments (AEPA) Economics exam. Experienced instructors walk you through microeconomics, macroeconomics, and personal finance topics to get you ready for exam day.
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Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
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About This Course
Prepare to earn your Arizona teaching credentials with this self-paced course. Short instructional videos and multiple-choice quizzes allow you to review material found on the AEPA Economics exam. You will can delve into such topics as supply and demand, market structures, economics terminology, fiscal and monetary policies, and inflation measurement. Easy accessibility to this course allows you to create a flexible and convenient study schedule, and you can opt to print lesson transcripts to produce quick-reference materials. Take self-assessment quizzes and chapter exams to determine how much you've learned as you progress through this guide.
Check out our AEPA test prep materials! We've got AEPA courses to teach you the material, comprehensive AEPA study guides to help you study, AEPA practice tests to test your knowledge, and informational AEPA resources to get you up to speed on testing logistics.
Syllabus & Course Information
You will find that this study guide affords a quick and easy way to go over everything you need to know for the AEPA Economics exam. Detailed lessons address production and costs, economic governance, foreign exchange, economic analysis and consumer protection and decision-making. After completing this course, you should be able to:
- Define basic economic concepts and terms
- Point out how the economy is measured
- Discuss supply and demand, price determination and elasticity
- Describe economic market structures
- Provide details about concepts in micro- and macroeconomics
- Understand inflation and unemployment
- Give details about aggregate demand and supply
- Details aspects of economic growth and productivity
- Outline strategies for economic analysis
- Describe consumer behavior and decision-making processes
- Talk about consumer protection laws
- Discuss promotion and public relations plans and strategies
This course is made up of 28 individual chapters broken down into 251 video and text lessons. Every lesson can be accessed at all times, from any device, and are taught by experienced instructors.
AEPA Economics Exam Information
The State of Arizona uses AEPA exams to measure content area knowledge of K-12 educators. Passing the AEPA Economics exam is a requirement to teach this content area in this state.
- Number of Questions: 100 questions
- Question Type: Selected response
- Time Limit: 2 hours and 30 minutes
- Exam Cost: $120
AEPA Economics Exam Breakdown
|AEPA Economics Concept||Percent of AEPA Economics Exam||Approximate Number of Questions||Chapter Lessons|
|Basic Economics Concepts and Microeconomics||28%||28 questions||80|
|Macroeconomics, Economic Theories, and International Economics||36%||36 questions||118|
|Economic Inquiry Skills||18%||18 questions||10|
|Consumer Economics||18%||18 questions||43|
AEPA Economics Exam Preparation & Registration
This study guide aligns with all of the concepts you could be tested on when taking the AEPA Economics exam. You can review lessons about basic terms and theories, markets, international economics and inflation. The guide also contains chapters that focus on monetary policies, fiscal practices, money markets and consumerism.
Registration for the economics exam can be completed through the AEPA website. After creating an online account that contains your contact information, you'll be able to select from among available test dates and locations by clicking on 'Schedule.' Scheduling your exam is on a first-come, first-served basis. You can also access this account to view your testing history or make any changes to your registration details after you've signed up for the exam.
Scoring the AEPA Economics Exam
To pass the AEPA Economics exam, you'll need a score of 240 or higher. Unofficial results are available once you complete the test; official test results are available online in one to four weeks.
Basic Economic Concepts and Microeconomics
Some of these test questions assess your understanding of basic economics concepts, such as scarcity, voluntary exchange, and opportunity cost, along with the structure of different economic systems. Other questions cover the determinants of supply and demand and the cost-benefit analyses performed by producers and consumers. You should also be aware of the factors affecting market prices and the impacts of price ceilings and price floors. The profit incentives of entrepreneurs and the risks associated with business ownership are also covered in this test section along with concepts like marginal cost, marginal product, and diminishing returns. An ability to compare and contrast competition in monopolistic and oligopolistic market structures is required as well.
Macroeconomics, Economic Theories and International Economics
These test questions cover the influences of economic theorists like Adam Smith and John Maynard Keynes. You'll need to be aware of how tax structures affect various income groups and identify the purposes of federal, state, and local government budgets. The impacts of economic measurements such as price indices and the real GDP on fiscal policy decisions and their applications in solving economic problems are covered. Other test questions assess your familiarity with the roles of securities markets and financial institutions, the Federal Reserve System's structure, and the impacts of money policy. You'll also want to know how factors like exchange rates and tariffs affect international trade.
Economic Inquiry Skills
Economic inquiry questions require an ability to interpret equations, graphs, and other mathematical models used to relate information like unemployment and inflation rates. Production possibilities curves and supply and demand curves are also covered in this test section. Additional questions gauge your ability to evaluate the economic impacts of current events and assess the trustworthiness of sources of economic information. You should be able to perform a cost-benefit analysis of public policy decisions and identify the role that self-interest plays in voting behavior.
These questions test your ability to help students assess the impact of career decisions on their earnings potential, manage their credit, and evaluate short- and long-term saving strategies. You should also be prepared to help them weigh their investment options and make smart purchasing decisions in regards to housing, healthcare and insurance, among other areas. Consumer protection laws, marketing strategies, and the influences of advertising on consumer choice are covered in this test section, as well.
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