Exam facts
ERE Basic is delivered as a CBT and can be taken year-round at centers nationwide.
- Scope
- The fundamentals of both microeconomics and macroeconomics.
- Relation to the full ERE
- Basic is the entry level and differs from the full ERE.
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EXAM KNOWLEDGE MAP
Six micro and six macro chapters cover the standard introductory range. Chapter 13 handles the true/false and four-choice CBT formats, and chapter 14 is for those who already studied economics at home: the models are known, the Japanese phrasing is not.
Written from the public ERE Basic guide. ERE Basic is distinct from the full ERE used by some graduate programs, and nothing here claims a general written-test waiver.
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FINAL REVIEW BOARD
ERE Basic is delivered as a CBT and can be taken year-round at centers nationwide.
The same question flips its answer with the premise; check these three switches first.
These recur across diagram questions; knowing them lets you answer straight off the figure.
QUICK REFERENCE
Six chapters each for micro and macro at six items apiece, plus twelve solving and reading methods.
SOLVING METHODS
Keep reading, calculation, verification, and review procedures in one place. Choose the format, then check only the steps you need.
SYLLABUS AT A GLANCE
Curve shapes, equilibrium, shifts versus movements, elasticity, and price controls.
Consumer and producer surplus, total surplus, deadweight loss, tax incidence, and trade.
Utility, indifference curves, the marginal rate of substitution, the budget line, and the two effects.
The production function, cost curves, profit maximization, the shutdown point, and returns to scale.
OFFICIAL REFERENCE
Perfect competition, monopoly, price discrimination, oligopoly, Nash equilibrium, and monopolistic competition.
Externalities, Pigouvian taxes and Coase, public goods, free riding, and asymmetric information.
GDP, nominal versus real, the deflator, the three-approach identity, and the saving-investment balance.
Consumption and saving functions, the multiplier, investment theory, the accelerator, and the 45-degree model.
Money stock and base, credit creation, money demand, policy instruments, and the liquidity trap.
Deriving both curves, simultaneous equilibrium, policy effects, and crowding out.
Aggregate demand and supply, types of unemployment, the Phillips curve, kinds of inflation, and the natural rate.
Growth accounting, the Solow model, the balance of payments, exchange rates, PPP, and Mundell-Fleming.
Judging true/false, elimination, reading diagrams, calculation patterns, checking premises, and pacing.
Terminology, negation, conditionals, directional vocabulary, diagram labels, and mapping to Japanese textbooks.