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LO-1
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define what is economics, and the basic economic problem. |
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LO-2
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use demand and supply to make predictions about changes in prices and quantities. |
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LO-3
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describe and distinguish between different types of markets. |
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LO-4
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explain national income, calculation methods of national income, and concepts related to national income. |
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LO-5
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interpret acroeconomic issues such as money, foreign exchange, inflation, unemployment, economic growth and foreign trade. |