Prepare in advance. Read through your notes and the textbook thoroughly. Highlight or write down anything you don't fully understand.
Review all vocabulary that has been covered in the book and in class. Familiarize yourself with terms and concepts, such as consumer equilibrium, marginal utility, elasticity, perfect competition and profit maximization.
Memorize formulas and calculations. For example, economic profit is determined by subtracting economic cost from total revenue.
Understand how to read and interpret microeconomics graphs. For example, graphs in microeconomics often depict supply and demand relationships. This is used to determine ideal prices of products or optimum production of goods.
Take your time through the test. Make sure to double check your answers and read all information contained in graphs and word problems carefully.