- clex
- June 27, 2024
Are you taking the Principles of Economics WGU D089 course and wondering how to ace the OA exam? If so, you are not alone. Many students find this course challenging and overwhelming, as it covers a lot of topics and concepts in both microeconomics and macroeconomics.
But don’t worry, we are here to help you. In this article, we will share with you some of the best tips and strategies from students who have successfully passed the D089 WGU OA exam. We will also provide you with some useful resources and tools to help you study and prepare for the exam. By the end of this article, you will have a clear idea of what to expect from the exam, how to study effectively, and how to pass with flying colors. Read more about WGU D089 OA Exam – How to Pass Principles of Economics.
What is the Principles of Economics WGU D089 OA Exam?
The Principles of Economics WGU D089 OA exam is the final assessment for the course. It is a proctored, online, multiple-choice exam that tests your knowledge and understanding of the main topics and concepts covered in the course. The exam consists of 70 questions and you have 180 minutes to complete it. You need to score at least 65% to pass the exam.
The exam is divided into three domains:
- The Economic Way of Thinking (16%)
- Microeconomics (42%)
- Macroeconomics (42%)
Each domain has several subtopics and objectives that you need to master. You can find the detailed breakdown of the exam content and objectives in the course of study (COS) document provided in WGU D089 Principles of Economics course materials.
How to Study for the Principles of Economics WGU D089 OA Exam ?
The Principles of Economics WGU D089 course provides you with various study materials and resources to help you learn and review the course content. However, you may find some of them more helpful and effective than others, depending on your learning style and preferences. Here are some of the most recommended study methods and resources by students who have passed the exam:
- Watch the module cohorts. These are recorded videos that explain the key concepts and topics for each module in a clear and engaging way. They also include some practice questions and examples to help you apply what you learned. You can access the module cohorts from the course homepage or the COS document.
- Review the quizlets. These are flashcards that help you memorize the important terms, definitions, formulas, and graphs for each module. You can use them to test yourself and reinforce your memory. You can find the quizlets from the course homepage or the COS document.
- Read the module summaries. These are concise summaries of the main points and takeaways for each module. They are located at the end of each chapter in the textbook. You can use them to refresh your understanding and review the key concepts.
- Take the module quizzes. These are quizzes that test your knowledge and comprehension of each module. They are located in the textbook and the course instructor (CI) website. You can use them to check your progress and identify your strengths and weaknesses.
- Watch Brian’s cohorts. These are recorded videos that provide an overview and a review of the entire course content. They also include some helpful tips and tricks for the exam. They are provided by the CI upon request. You can use them to bring everything together and prepare for the exam.
- Watch AC/DC videos. These are YouTube videos by Jacob Clifford, an economics teacher and tutor. He explains the concepts and topics in a simple and fun way, using animations, examples, and humor. He also has some videos specifically for the WGU D089 exam. You can use them to supplement your learning and clarify any doubts or confusion.
- Watch the recorded Kahoot video. This is a video that shows a live game session of Kahoot, an online quiz platform, for the exam practice. It includes some of the most common and tricky questions that you may encounter on the exam. You can use it to test your knowledge and skills and see how well you perform under time pressure.
- Use a whiteboard. This is a tool that allows you to write, draw, and erase on a virtual or physical board. You can use it to brain dump the information that you want to remember, such as formulas, graphs, and acronyms, at the beginning of the exam. You can also use it to work out the calculations and problems during the exam.
If you’re looking for a fantastic study resource to ace this class, we highly recommend checking out the pre-assessment questions and answers we’ve provided for you on College Exceed’s website.
What’s even better is that if you’re struggling to find time to study or finding the objective assessment challenging, College Exceed is here to assist you in acing the exam with flying colors. We offer a guaranteed pass and Pay-After-You-Pass! Feel free to reach out to us for more information.
What are the Key Topics and Concepts to Master for the Principles of Economics WGU D089 OA Exam?
The Principles of Economics WGU D089 OA exam covers a lot of topics and concepts in both microeconomics and macroeconomics. However, some of them are more important and frequent than others, according to the students who have taken the exam. Here are some of the key topics and concepts that you need to master for the D089 WGU OA exam:
- Supply and demand curves. These are graphs that show the relationship between the price and the quantity of a good or service in a market.
- You need to know how to draw, label, and interpret the supply and demand curves, as well as how to calculate the equilibrium price and quantity. You also need to know what causes shifts and movements along the curves, and how they affect the market outcomes.
- Aggregate supply and aggregate demand curves. These are graphs that show the relationship between the price level and the real output of an economy.
- You need to know how to draw, label, and interpret the aggregate supply and aggregate demand curves, as well as how to calculate the equilibrium price level and real output. You also need to know what causes shifts and movements along the curves, and how they affect the economic indicators, such as inflation, unemployment, and economic growth.
- Opportunity cost. This is the value of the next best alternative that is forgone as a result of making a choice.
- You need to know how to calculate and compare the opportunity cost of different choices, and how to use it to make rational decisions.
- Marginal cost and marginal benefit. These are the additional costs and benefits that result from producing or consuming one more unit of a good or service.
- You need to know how to calculate and compare the marginal cost and marginal benefit of different actions, and how to use them to determine the optimal level of production or consumption.
- Elasticity. This is a measure of how responsive the quantity demanded or supplied of a good or service is to a change in its price or other factors.
- You need to know how to calculate and interpret the price elasticity of demand, the price elasticity of supply, the income elasticity of demand, and the cross-price elasticity of demand.
- You also need to know how to use them to analyze the effects of price changes, income changes, and other changes on the total revenue, consumer surplus, and producer surplus.
- Market structure. This is the classification of markets based on the number and size of firms, the type and degree of competition, and the level and nature of entry barriers.
- You need to know the characteristics, examples, and graphs of the four main types of market structure: perfect competition, monopoly, monopolistic competition, and oligopoly.
- You also need to know how to compare and contrast them in terms of efficiency, profit, and pricing strategies.
- Unemployment and inflation. These are two of the most important macroeconomic indicators that measure the health and performance of an economy.
- You need to know the definitions, types, causes, and effects of unemployment and inflation, as well as how to calculate and interpret the unemployment rate and the inflation rate.
- You also need to know how to use the Philips curve to show the trade-off between unemployment and inflation, and how to use the aggregate supply and aggregate demand model to explain the short-run and long-run effects of demand-pull and cost-push inflation.
- Trade and tariffs. These are two of the most common topics in international economics that deal with the exchange of goods and services across countries.
- You need to know the benefits and costs of trade, the concepts of absolute advantage and comparative advantage, the calculation and interpretation of the terms of trade, and the effects of trade on consumer and producer surplus.
- You also need to know the definition, types, and effects of tariffs, as well as how to use the supply and demand model to analyze the impact of tariffs on domestic and foreign markets.
- Concentration ratio and HHI. These are two of the most common measures of market concentration, which indicates the degree of competition and market power in an industry.
- You need to know the definitions, formulas, and interpretations of the concentration ratio and the Herfindahl-Hirschman Index (HHI), as well as how to use them to classify the market structure and evaluate the market performance.
How to Pass the Principles of Economics WGU D089 OA Exam?
Now that you have learned how to study and what to study for the D089 WGU Principles of Economics OA exam, you are ready to take the exam and pass it with flying colors. Here are some final tips and tricks to help you ace the exam:
- Review the COS document and the exam blueprint. These are the official documents that provide you with the most accurate and updated information about the exam content and objectives. You should review them before the exam to make sure you are familiar with the exam format, structure, and expectations.
- Take the preassessment (WGU D089 PA). This is a practice exam that simulates the actual exam in terms of difficulty, length, and content. You should take it before the exam to assess your readiness and identify your gaps. You should also review the coaching report and the answer explanations to learn from your mistakes and improve your performance.
- Schedule the exam. You should schedule the D089 WGU OA exam at a time and date that works best for you. You should also make sure you have a stable internet connection, a webcam, a microphone, a whiteboard, and a calculator. You should also check the proctoring guidelines and requirements to avoid any technical issues or violations during the exam.
- Relax and be confident. You have studied hard and prepared well for the exam. You have nothing to worry about. Just relax and be confident in your abilities. You can do this!
- Manage your time wisely. You have 180 minutes to complete 70 questions, which means you have about 2.5 minutes per question. You should try to answer each question as quickly and accurately as possible, without spending too much time on any one question. If you are unsure or stuck on a question, you can skip it and come back to it later. You should also keep an eye on the timer and the progress bar to make sure you are on track and have enough time to finish the exam.
- Use the whiteboard effectively. You can use the whiteboard to write down the information that you want to remember, such as formulas, graphs, and acronyms, at the beginning of the exam. You can also use it to work out the calculations and problems during the exam. However, you should not write down anything that is not related to the exam, such as notes, hints, or answers. You should also erase the whiteboard before you end the exam.
- Read the questions carefully and eliminate the wrong answers. You should read each question carefully and understand what it is asking. You should also read all the answer choices and eliminate the ones that are clearly wrong or irrelevant. You should look for keywords, clues, and details that can help you narrow down the choices and find the best answer. You should also avoid choosing an answer based on intuition or guesswork, unless you have no other option.
- Check your answers and review your work. You should check your answers and review your work before you submit the exam. You should make sure that you have answered all the questions and that you have not made any mistakes or errors. You should also review the questions that you skipped or marked for review, and see if you can answer them correctly. You should also check your whiteboard and make sure that you have erased it before you end the exam.
WGU D089 FAQ
Question 01
The only feedback WGU sent out for the Gauntlet is the coaching report that is emailed to you after taking the test.
Question 02
These review videos, along with all of our other supplemental course resources can be found at the WGU D089 Resource Index linked from your Course Tips menu.
Question 03
Modules 1 and 2 – 16%
Modules 3-6 – 44%
Modules 7-10 – 40%.
Question 04
You should be prepared to do calculations on the OA.
Conclusion
We hope that this article has given you some useful and practical advice on how to pass the Principles of Economics WGU D089 OA exam. We wish you all the best and good luck on your exam! Remember, you have studied hard and prepared well, and you can do this! If you have any questions or feedback, please feel free to leave a comment below. We would love to hear from you! 😊