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Unit 1
Basics of Economics
Introduction to Economics
Scarcity and Choice
Supply and Demand
Market Equilibrium
Consumer and Producer Surplus
Market Failures
Government Intervention in Markets
Microeconomics vs. Macroeconomics
GDP and Economic Growth
International Trade
Inflation and Unemployment
Globalization and its impacts
Elasticity of Demand and Supply
Introduction to Macroeconomics
Monetary Policy
Fiscal Policy
Unit 2
Basics of Economics
Introduction to Economics
Scarcity and Choice
Supply and Demand
Elasticity of Demand and Supply
Consumer and Producer Surplus
Introduction to Macroeconomics
GDP and Economic Growth
Fiscal Policy
Monetary Policy
Globalization and its impacts
Market Failures
Microeconomics vs. Macroeconomics
Government Intervention in Markets
International Trade
Market Equilibrium
Inflation and Unemployment
Unit 3
Basics of Economics
Introduction to Economics
Scarcity and Choice
Supply and Demand
Elasticity of Demand and Supply
Microeconomics vs. Macroeconomics
GDP and Economic Growth
Fiscal Policy
International Trade
Globalization and its impacts
Government Intervention in Markets
Market Failures
Inflation and Unemployment
Market Equilibrium
Consumer and Producer Surplus
Introduction to Macroeconomics
Monetary Policy
Unit 4
Basics of Economics
Introduction to Economics
Supply and Demand
Market Equilibrium
Elasticity of Demand and Supply
Microeconomics vs. Macroeconomics
Introduction to Macroeconomics
Inflation and Unemployment
International Trade
Globalization and its impacts
Scarcity and Choice
Fiscal Policy
GDP and Economic Growth
Market Failures
Government Intervention in Markets
Consumer and Producer Surplus
Monetary Policy
Unit 5
Basics of Economics
Supply and Demand
Market Equilibrium
Consumer and Producer Surplus
Market Failures
Government Intervention in Markets
Microeconomics vs. Macroeconomics
Introduction to Macroeconomics
GDP and Economic Growth
Fiscal Policy
Monetary Policy
International Trade
Globalization and its impacts
Scarcity and Choice
Inflation and Unemployment
Introduction to Economics
Elasticity of Demand and Supply
Unit 5 • Chapter 10
Monetary Policy
Key Insights
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Concept Check
What's the primary goal of contractionary monetary policy?
Lower interest rates.
Stimulate economic growth.
Reduce inflation and cool down the economy.
Increase money supply.
How does increasing reserve requirements affect the money supply?
Increases economic growth.
Has no significant effect.
Decreases the money supply.
Increases the money supply.
What's the impact of a higher discount rate on borrowing?
Makes borrowing cheaper.
Makes borrowing more expensive.
Stimulates economic activity.
No impact on borrowing costs.
What is the main tool used to implement expansionary monetary policy?
Reducing government spending.
Lowering interest rates.
Increasing taxes.
Raising reserve requirements.
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Fiscal Policy
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International Trade