The Praxis Economics exam is designed to measure the knowledge and skills that are essential for professional economics teachers.
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Praxis Economics Exam Outline
The Praxis Economics exam contains 110 selected-response questions, and you will be given a time limit of 2 hours.
The exam is split into three content categories, which are designed to cover the various competencies and points of knowledge that a teacher should possess.
I. Fundamental Economic Concepts (22 questions)
The questions in this category assess your knowledge and abilities in the following areas:
- The concepts of choice, scarcity, and opportunity costs
- Factors of production
- Applying marginal cost and marginal benefits analysis to decision-making
- Using the production possibilities curve to illustrate the concepts of growth, opportunity costs, and economic efficiency
- Absolute advantage
- Interdependence
- Gains from trade
- Specialization
- Comparative advantage
- Types of economic systems
- How basic economic choices are made
- Roles of individuals, businesses, and government in a market economy
- Using the circular flow model to show the relations between different sectors
II. Microeconomics (49 questions)
The questions in this category assess your knowledge and abilities in the following areas:
- Supply and demand
- Product markets
- Factor markets
- Government policy and regulation of markets
III. Macroeconomics (39 questions)
The questions in this category assess your knowledge and abilities in the following areas:
- Economic performance and fluctuations
- Money and banking and the federal reserve system
- Fiscal and monetary policies
- Macroeconomics of the open economy
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Praxis Economics Exam Registration
To register for the Praxis Economics exam, you will need to create an online account with ETS. Through this account, you can submit an application to take the exam.
During registration, you will be asked to select the test-taking format (remote or at a testing center), test location (if you are taking the test at a testing center), and test date. You will also need to pay the $130 exam fee.
Test Day
In-person Testing
You should arrive at the testing center about 30 minutes before the scheduled testing appointment to allow time for the check-in process. During the check-in process, you will be asked to provide a printed copy of your admission ticket and two forms of valid identification as soon as you arrive.
You will also be asked to store all personal items in a secure locker before entering the testing area.
Once the check-in process is complete and you are fully approved for testing, you will be led to the testing station and given a brief tutorial on the testing system.
Remote Testing
To take the exam remotely, you must use a laptop or desktop computer that has the ETS Secure Test Browser downloaded and installed on it. This is the browser you must use to take the exam. You will also need a functioning webcam, speakers, and a microphone.
When you check in to take the exam, the remote proctor will ask you to show proof of identification and to move your webcam around the room so that your testing area can be observed. Once the proctor has approved your testing area, they will walk you through the testing process and begin your exam.
How the Praxis Economics Exam is Scored
Your Praxis Economics exam score is based on the number of questions you answer correctly (your raw score). Your raw score is converted to a scaled score. The minimum scaled score you need to obtain to pass the exam varies depending on what state you take the exam in, but most states require a score of 150.
You should receive an official score report about five weeks after testing.
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FAQs
Q
How many questions are on the Praxis Economics exam?
A
There are 110 selected-response questions on the exam.
Q
How long is the Praxis Economics exam?
A
The time limit for the exam is 2 hours.
Q
What is the passing score for the Praxis Economics exam?
A
To pass the exam, you must achieve a minimum scaled score of 150 in most states.
Q
How much does the Praxis Economics exam cost?
A
The examination fee is $130.
