Distinguish between micro-economics and macroeconomics.
Explain the factors that drive supply and demand.
Describe the four types of market structures in a private enterprise system.
Compare the three major types of economic systems.
Identify and describe the four stages of the business cycle.
Explain the factors that affect the stability of a nation’s economy.
Discuss how monetary and fiscal policy are used to manage an economy’s performance.
Describe the major global economic challenges of the 21st century.