Unit 1: Basic Economic Concepts including Scarcity, Opportunity Cost, Production Possibilities Curve, Comparative Advantage
Unit 2: Economic Indicators and the Business Cycle including GDP, Unemployment, Price Indices, Inflation
Unit 3: National Income and Price Determination including Aggregate Demand, Multipliers, Short-Run/Long-Run Aggregate Supply, Fiscal Policy
Unit 4: Financial Sector including Financial Assets, Banking, Money Market, Monetary Policy, Loanable Funds
Unit 5: Long-Run Consequences of Stabilization Policies including Phillips Curve, Deficits/Debt, Crowding Out, Economic Growth
Unit 6: Open Economy, International Trade and Finance including Balance of Payments, Exchange Rates, Foreign Exchange Market