1. Using demand and supply, explain the tenets of capitalism and how it answers basic economic questions.
2. Evaluate the role and scope of government in market economies versus command economies.
3. Discuss why nations trade, as well as valid and invalid arguments for restraints to free trade.
4. Compare and contrast the differing schools of economic thought during the Great Depression and relate that thinking to (1) fiscal and monetary policy and (2) the Great Recession of 2007-2009.