Emphasis will be on the following areas of discussion:
A) the determinants of aggregate productivity, output and employment?
B) unemployment and inflation relationship?
C) equilibrium in the real and monetary sectors of the economy. the money demand function.[Md.=f(Y,R)P]
D) the concept of national saving, natural rate unemployment, balance of payments.
E) the determinants of interest rate in the credit market and in the money market. the connection between nominal interest rate and real interest rate.
F) examples of the IS/LM model.
G) what is Monetary and Fiscal policy in the IS/LM model.
H) explain what are profit maximization in perfectly competitive, competitve, monopolistic competitive, oligopoly and monopoly market. also example feature of each market structures.
I) third degree price discrimination and the role of price elasticity of demand in each of the segmented sub markets.