The economy as a whole: GDP, inflation, unemployment, fiscal and monetary policy, and international trade.
Basic Economic Concepts
Scarcity, trade, and markets.
Economic Indicators and the Business Cycle
GDP, unemployment, and inflation.
National Income and Price Determination
Aggregate demand and supply.
Financial Sector
Money, banks, and monetary policy.
Long-Run Consequences of Stabilization Policies
Phillips curve and growth.
Open Economy: International Trade and Finance
Balance of payments and exchange rates.