|
LO-1
|
Defines what is economics, and the basic economic problems. |
|
LO-2
|
Uses demand and supply to make predictions about changes in prices and quantities. |
|
LO-3
|
Describes and distinguishes between different types of markets. |
|
LO-4
|
Explains national income, calculation methods of national income, and concepts related to national income. |
|
LO-5
|
Interprets macroeconomic issues such as money, foreign exchange, inflation, unemployment, economic growth and foreign trade. |