1. what market is a price taker
2. understand GDP=C+I+G+F
3. under the circular flow model
4. what is gross private domestic investment spending
5. what happens when there is an increase in foreign imports
6. understand the demand function Qd = 80-3Px+2Py+101
7.understand price elasticity of demand
8. measuring marginal rate of substitution
9. understand indifference curves
10.understand point in time data collection meaning understand least squares regression
11.understand the meaning of historic cost
12.what is minimum efficient scale
13.what happens with an increase in the price of labor
14. characteristics of a perfectly competitive market
15.what are barrier to entries
16. what is a public good
17. what is dominant strategy in game theory
18. understand kinked demand curve
20. understand price discrimination
21 what is arising phase of the business cycle
22.what is potential GDP
23. what are large denomination time deposits
24. what is the equilibrium price of money markets
24.understand industrial production
25. what is currency depreciation