Must Know Graphs for Macro
– Production Possibilities Curve
– Supply and Demand
– Loanable Funds Market
– Money Market
– Foreign Exchange Market
– Aggregate Supply and Demand
– Phillips Curve
– Investment Demand
– Production Possibilities Curve
– Supply and Demand
– Loanable Funds Market
– Money Market
– Foreign Exchange Market
– Aggregate Supply and Demand
– Phillips Curve
– Investment Demand
Content Area Specific Concepts Percentage of Multiple-Choice Section of Exam
Basic Economic Concepts– Scarcity, choice, and opportunity costs
– Production possibilities curve
– Comparative advantage, specialization, and exchange
– Demand, supply, and market equilibrium
– Macroeconomic issues: business cycle, unemployment, inflation, growth
8-12%
Measurement of Economic Performance
– National income accounts
– Inflation measurement and adjustments
– Unemployment
12-16%
National Income and Price Determination– Aggregate demand
– Aggregate supply
– Macroeconomic equilibrium
10-15%
Financial Sector– Money, banking, and financial markets
– Loanable funds market
– Central bank and control of the money supply
15-20%
Stabilization Policies– Fiscal and monetary policies
– The Phillips Curve
20-30%
Economic Growth– Definition of economic growth
– Determinants of economic growth
– Growth policy
5-10%
Open Economy: International Trade and Finance– Balance of payments accounts
– Foreign exchange market
– Imports, exports, and financial capital flows
– Relationships between international and domestic financial and goods markets
10-15%
Basic Economic Concepts– Scarcity, choice, and opportunity costs
– Production possibilities curve
– Comparative advantage, specialization, and exchange
– Demand, supply, and market equilibrium
– Macroeconomic issues: business cycle, unemployment, inflation, growth
8-12%
Measurement of Economic Performance
– National income accounts
– Inflation measurement and adjustments
– Unemployment
12-16%
National Income and Price Determination– Aggregate demand
– Aggregate supply
– Macroeconomic equilibrium
10-15%
Financial Sector– Money, banking, and financial markets
– Loanable funds market
– Central bank and control of the money supply
15-20%
Stabilization Policies– Fiscal and monetary policies
– The Phillips Curve
20-30%
Economic Growth– Definition of economic growth
– Determinants of economic growth
– Growth policy
5-10%
Open Economy: International Trade and Finance– Balance of payments accounts
– Foreign exchange market
– Imports, exports, and financial capital flows
– Relationships between international and domestic financial and goods markets
10-15%