AEPA Economics (35) Study Guide 2027–2028 | Arizona AZ035 Teacher Certification Test Prep, 200 Practice Questions (PDF)

Prepare for the AEPA Economics (35) test, the Arizona subject knowledge exam for economics teachers, with a complete review built on the official four-subarea framework and two practice tests weighted like the real test.

What's Inside

• Exam overview: 100 selected-response questions in 2 hours 30 minutes, no reference materials, passing score 240 on a 100–300 scale, test-center and online-proctored options, score reports, retakes and fees, plus a formula sheet to learn by heart

• Basic Economic Concepts and Microeconomics: scarcity, opportunity cost, the production possibilities curve, economic systems, supply and demand, elasticity, surplus, price controls, taxes and subsidies, costs, profit maximization and the four market structures

• Macroeconomics, Economic Theories and International Economics: GDP, price indexes, inflation, unemployment, the business cycle, AD-AS, classical, Keynesian, monetarist, rational expectations and supply-side views, fiscal policy and budgets (federal, state, local and tribal), money, banking and today's Federal Reserve tools, trade, exchange rates and the balance of payments

• Economic Inquiry Skills: tables, graphs, index numbers, real versus nominal values, growth rates, misleading displays, hypotheses, reasoning errors, source evaluation, cost-benefit analysis and public choice

• Consumer Economics: pay and payroll taxes, budgeting, banking, credit and credit reports, saving, investing and retirement, housing, transportation, insurance, health care, consumer protection laws and advertising

• Diagrams you can learn from: production possibilities curve, demand shift, tax and deadweight loss, cost curves, AD-AS gap, business cycle and the market for dollars, plus "Graph in Words" walk-throughs for sketching graphs under time pressure

• Worked examples for every calculation the test uses (midpoint elasticity, multipliers, CPI and inflation, real wages, comparative advantage, compound interest and more), all workable by hand

• Exam Tips, Common Traps, Arizona examples, study schedules, FAQs and test-taking strategies

• 2 practice tests of 100 questions each, 200 questions total, with a complete answer key and an explanation for every question

Format

• Instant digital download (PDF), 8.5 × 11 in

• Clickable table of contents

• Print it or study on a tablet, laptop or phone

Please note: This is a digital product. No physical item will be shipped.

This is an independent study resource and is not affiliated with or endorsed by Pearson, the Arizona Department of Education, the Arizona Educator Proficiency Assessments (AEPA) program or the National Evaluation Series.