ECON205

Explain the nature of economics in dealing with the issue of scarcity, including the concept of opportunity cost, trade, and comparative advantage.

Perform supply and demand analysis to analyze the impact of economic events and government policies on market prices and output.

Calculate and interpret major macroeconomic variables, and explain their importance in determining the health of the overall economy.

Analyze the impacts of fiscal and monetary policy actions on the macroeconomy, evaluating advantages and disadvantages of different policies depending on current economic conditions.