11.20.2008

 

Microeconomics

The last two weeks I've been learning microeconomics in order to fulfill part of my final VEE credit, and on Thursday I passed the Principles of Microeconomics CLEP exam pretty easily. The CLEP exams are multiple choice tests designed to cover the content of a basic college course. They are similar to the AP exams except there aren't essays (at least not for the economics exams), you can schedule the exam whenever you feel like you are ready, and since it is given on a computer you get your score as soon as you are finished.

I'm a little surprised I managed to learn the equivalent of a semester of microeconomics in two weeks. It makes me wonder why I didn't do better on my AP exams in high school until I remember that I never studied for anything in high school. That's not an option for the actuarial exams and so when it came time to study for this relatively easy test I guess things just came together quickly.

In two more weeks I plan to take the Principles of Macroeconomics CLEP exam to finish off my VEEs once and for all. In the meantime, here's my updated pie chart:

—Jack

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Comments:

I guess we are good test takers.

I took the CLEP general exams after flunking out of college and got credits for almost the entire first two years of college. I think people starting college now should take the CLEP if their school accepts the results (Virginia Tech does not as I recall) and save $50K. That relates to both micro and macro economics.

When I got to the Air Force I took the physics correspondence class through the University of Michigan (or something like that). I was in Altus, OK, and had no desire to open the physics books so, since there was no cost to me and I could take it again if needed, I just winged it. I passed with a 97% after having failed physics in college a year before. Since one could take two exams at one appointment, I took some math test and also passed that with some high score I don't remember. Knowing how to take tests helps, as does understanding the big picture.

It looks to me like you understand the big picture. Congratulations!

# posted by Blogger OldBikeRider : 11/22/2008 8:08 AM  

Things look a lot different at 28 and 29 than 18 and 19. I'm a lot better student now than I ever was. Besides, we had very important MUDing to do at that age. Monsters to kill :) Phone bills to run up...

# posted by Blogger Katherine H. : 11/23/2008 4:32 PM  

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