Economics topics

Monday

a. elasticities
b. allocative efficiency
c. Credit crunch (homework)

Tuesday

a. market failure and government intervention
b. government policy to correct market failure

Wednesday

a. aggregate demand and aggregate supply and their interaction
b. policy objectives
c. meaning and measurement: growth/unemployment/balance of payments/inflation

Thursday

a. causes and consequences of : inflation; unemployment; deficit/surplus balance of payments
b. costs/benefits and sustainability of economic growth

Friday

a. policies: fiscal/monetary/supply-side
b. free trade v protectionism
c. conflicts between policy objectives