Description

In this course, you will :

• Calculate and interprets elasticities.
• Determine and interpret breakeven and shutdown points of production.
• Understand the characteristics and pricing strategy of perfect competition, monopolistic competition, oligopoly, and pure monopoly.
• Calculate and explain GDP using expenditure and income approaches.
• Explain movements in aggregate demand and supply curves.
• Understand the theories of the business cycle.
• Explain inflation, hyperinflation, disinflation, and deflation.
• Distinguish between cost-push and demand-pull inflation.
• Understand and describe tools for monetary and fiscal policy.
• Describe roles, objectives and desirable qualities of central banks.
• Compare GDP vs GNP.
• Describe the balance of payments accounts including their components.
• Calculate and interpret currency cross-rates.
• Explain the arbitrage relationship between currency spot rates, forward rates, and interest rates.