Topics To Learn
Basic Economic Concepts
- Scarcity and Opportunity Costs
- Absolute vs. Comparative Advantage
- Business Cycle
Measurement of Economic Performance
- circular flow of income: household, business, government, international
- Absolute vs. Comparative Advantage
- GDP
- Inflation
- Unemployment
National Income and Price Determination
- Aggregate Demand
- Aggregate Supply
- Spending Multiplier
- Crowding out
- Sticky price and Sticky Wage
- Phillips Curve
Financial Sector
- Money
- Bonds
- Stocks
- Fractional Reserve Banking
- T-Account
- Money Market vs. Loanable Funds market
Stabilization Policy
- Monetary Policy
- Fiscal Policy
- Government Debt
Economic Growth
Open Economy
- Foreign Exchange Market