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LO-1
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define GDP and use the circular flow model to explain why GDP equals aggregate expenditure and aggregate income |
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LO-2
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monitor cycles, jobs and the price level |
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LO-3
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use Aggregate supply and aggregate demand in macroeconomic analysis |
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LO-4
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interpret the economy at full employment |
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LO-5
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distinguish capital, investment and saving |
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LO-6
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calculate expenditure multipliers |
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LO-7
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Will be abke to describe fiscal policy |
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LO-8
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define money markets |