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Macro (key skills (identify comparative advantage, calculate terms of…
Macro
key skills
identify comparative advantage
calculate terms of trade
calculate GDP and GDP-deflator
indentitfy who is helped and hurt by inflation
use the shifters of aggregate demand and supply
calculate and use spending multiplier
explain how economy adjusts in the long run
read bank balance sheet
calculate and use money multiplier
explain open market operations
explain how exchange rates effects net exports
categorizw a transaction on balance of payments
key graphs
where is the economy?
Phillips curve
AD/AS
effects of monetary policy
money market
supply and demands for loans
loanable funds
foreign exchange
production possibility curve