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Introduction to Economics (Course Guide)

Course Materials

Course Competencies

Do you understand how to...?

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  • define Gross Domestic Product (GDP)
  • define economic growth
  • define unemployment
  • define inflation
  • predict fluctuations in the business cycle using macroeconomic variables
  • identify macroeconomic outcomes using aggregate demand and aggregate supply model
  • identify macroeconomic failures using aggregate demand and aggregate supply model
  • describe the role of government in correcting macroeconomic failures
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