Description
Units
Unit 1 | Basic Economic Concepts
- 1.1 Scarcity, Choice, Trade-offs & Opportunity Cost — 20 Qs
- 1.2 Production Possibilities Curve (PPC): Efficiency, Growth, Trade-offs — 20 Qs
- 1.3 Comparative vs. Absolute Advantage & Terms of Trade — 20 Qs
- 1.4 Demand, Supply & Market Equilibrium — 20 Qs
- 1.5 Price Controls, Quotas & Deadweight Loss — 20 Qs
- 1.6 Consumer/Producer Surplus & Market Efficiency — 20 Qs
- 1.7 Market Failure: Externalities & Public Goods — 20 Qs
Unit 2 | Economic Indicators and the Business Cycle
- 2.1 Circular Flow & National Income Accounting — 20 Qs
- 2.2 Calculating GDP (Expenditure/Income Approaches) — 20 Qs
- 2.3 Unemployment: Types, NRU & Labor Market Metrics — 20 Qs
- 2.4 Price Indices (CPI, GDP Deflator) & Inflation — 20 Qs
- 2.5 Real vs. Nominal Values (GDP, Wages, Interest) — 20 Qs
- 2.6 Business Cycles, Output Gaps & Stabilization Goals — 20 Qs
- 2.7 Limits of GDP/CPI & Measurement Issues — 20 Qs
Unit 3 | National Income and Price Determination
- 3.1 Aggregate Demand: Components & Shifters — 20 Qs
- 3.2 Short-Run Aggregate Supply (SRAS) & Shifters — 20 Qs
- 3.3 Long-Run Aggregate Supply (LRAS) & Potential Output — 20 Qs
- 3.4 AD-AS Equilibrium: Output & Price Level — 20 Qs
- 3.5 Multipliers, MPC/MPS & Spending vs. Tax Multipliers — 20 Qs
- 3.6 Demand/Supply Shocks, Output Gaps & Self-Adjustment — 20 Qs
- 3.7 Sticky Wages, Expectations & Policy Lags — 20 Qs
Unit 4 | Financial Sector
- 4.1 Financial Assets, Interest Rates & Risk/Return — 20 Qs
- 4.2 Money: Functions, Types & Measures (M1/M2) — 20 Qs
- 4.3 Banking System, Required Reserves & Money Creation — 20 Qs
- 4.4 Money Market & Nominal Interest Rate — 20 Qs
- 4.5 Loanable Funds Market & Real Interest Rate — 20 Qs
- 4.6 Present vs. Future Value; Real vs. Nominal Interest — 20 Qs
- 4.7 Monetary Policy Tools (OMO, Discount Rate, RR) — 20 Qs
Unit 5 | Long-Run Consequences of Stabilization Policies
- 5.1 Fiscal Policy: Spending, Taxes & Multipliers — 20 Qs
- 5.2 Automatic Stabilizers vs. Discretionary Policy — 20 Qs
- 5.3 Deficits, Debt & Crowding Out — 20 Qs
- 5.4 Phillips Curve: SRPC/LRPC & Expectations — 20 Qs
- 5.5 Supply Shocks, Stagflation & Policy Trade-offs — 20 Qs
- 5.6 Long-Run Growth: Productivity, Capital & LRAS Shifts — 20 Qs
- 5.7 Money Neutrality & Long-Run Policy Limits — 20 Qs
Unit 6 | Open Economy — International Trade and Finance
- 6.1 Balance of Payments: Current & Financial Accounts — 20 Qs
- 6.2 Foreign Exchange (FOREX): Supply/Demand & Exchange Rates — 20 Qs
- 6.3 Determinants of Exchange Rates (IR, Inflation, Growth) — 20 Qs
- 6.4 Net Exports, AD & Policy in an Open Economy — 20 Qs
- 6.5 Capital Flows, Loanable Funds & Interest Parity (Conceptual) — 20 Qs
- 6.6 Trade Barriers (Tariffs/Quotas) & Arguments for/against Trade — 20 Qs
