| Explain the basic concepts, assumptions, and methods of economics |
| Relate the concepts of scarcity, choice, and opportunity cost to the economic decision-making process. |
| Analyze market equilibrium using the supply and demand mechanism. |
| Explain consumer and producer behavior within basic microeconomic models. |
| Compare different market structures (perfect competition, monopoly, monopolistic competition, and oligopoly). |
| Interpret key macroeconomic indicators such as GDP, inflation, and unemployment. |
| Explain the causes of economic growth and business cycle fluctuations. |
| Evaluate the effects of fiscal and monetary policies on the economy. |
| Analyze economic events using graphs and simple numerical examples. |
| Apply economic reasoning to problems in everyday life and policy discussions. |