Unit 2: 

Supply & Demand

• Part 1: Markets

• Part 2: Government Interventions

Unit 2:

Economic Indicators & the Business Cycle

(GDP, Unemployment, and Inflation)

Flexible Exchange Rates & the Balance of Payments

Unit 4:

Imperfect Competition

(More on Theory of the Firm)

Unit 4:

Money & Monetary Policy

(The Financial Sector)

Nominal, Real, & Purchasing Power Parity Exchange Rates

Unit 6:

Market Failure & Role of Government Intervention

(Why Markets May Fail to Achieve Max Social Surplus and How Government Might Help)

Unit 6:

Open Economy-International Trade & Finance 

(The Balance of Payments and Currency Exchange Markets)