FUNDAMENTALS OF
MACROECONOMICS
The focus of this lecture is the basic concepts of
economics. Students will learn to think like an economist by applying some
economic models to practical examples.
OBJECTIVES
1. Define the term “Economics”
2. Explain the role of government in a mixed economy
3. Understand Production Possibility Frontier
4. Illustrate market equilibrium using supply and
demand curves
5. Explain the relationship between market and
aggregate supply and demand.
TOPICS
Please read all the lectures by
clicking on the following topics.
PRODUCTION POSSIBILITY FRONTIER
ECONOMIC SYSTEMS
INTERNATIONAL TRADE
DEMAND
DETERMINANTS OF
DEMAND
SUPPLY
LECTURE ONE / LECTURE TWO / LECTURE THREE / LECTURE FOUR / LECTURE FIVE
