Learning Objectives

• Use supply & demand analysis.
• Apply the concept of opportunity cost.
• Use marginal analysis.
• Use the model to explain behavior of economic agents in different market structures.
• Explain the causes of short-run fluctuations in macro variables.
• Explain the determinants of long-run economic growth.
• Predict the effects of various micro and macro policies using the appropriate models.
• Gather, analyze, and interpret economic data.
• Describe the role and function of financial market, institutions, and policies.
• Analyze global economic issues.