| Describe the basic concepts of economics. |
| Explain the changes in market equilibrium using concepts such as supply-demand law, flexibility and price control |
| Interpret consumer behavior by using the concepts of total utility, marginal utility and budget constraint |
| Interpret producer behavior by using the concepts of total cost, marginal cost and budget constraint |
| Interpret the equilibrium formation at different markets by using production costs |
| Define the fundamental principles and concepts of macroeconomics. |
| Interpret information presented in numerical tables and graphs related to macroeconomic indicators. |
| Explain the concepts of capital, investment, economic growth, and saving, and their relationships. |
| Apply basic analytical tools and models to analyze macroeconomic issues and economic outcomes. |
| Explain the main features and functioning of the economic system and its key macroeconomic relationships. |