| Explain the basic concepts and assumptions in macro economy.(2) |
| Identify the necessary macroeconomic indicators such as GDP, inflation rate, unemployment and growth.(2) |
| Explain the balance level of an economy by using the aggregate demand and total supply model.(2) |
| Explain the fiscal policies including expansionary and contractionary policies.(2) |
| Analyze the relationship between variables such as national income, money and interest in open and closed economies.(4) |
| Illustrate how monetary policy affects GDP and interest rates in the structure of macroeconomic theories.(3) |