Micro:

• PPC (relationships of scarcity..)
• How determinants of demand and supply result in new market equilibrium
• Determinants of PES
• Price floor consequences on welfare impacts
• Positive production externalities (Government provision vs subsidy)

Macro:

• Why AD is negative slope
• Why AS is a upward sloping
• Determinants shifting SRAS
• Cause of inequitable distribution of income
• Why use core CPI and PPI to measure changes in prices of FOP
• Economic growth to current account and sustainability
• Explain that improved productivity is essential to achieve economic growth
• Causes and consequences of Poverty
• Distinguish between direct and indirect tax