Exam Topics
Basic Economic Concepts
Measurement of Economic Performance
National income accounts
Inflation measurement and adjustment
Unemployment
National Income and Price Determination
Aggregate demand
Aggregate supply
Macroeconomics equilibrium
Financial Sector
Money, banking, and financial markets
Loanable funds market
Central bank and control of the money supply
Stabilization Policies
Fiscal and monetary policies
Phillips curve
Economic Growth
Definition of economic growth
Determinants of economic growth
Growth policy
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
Exam Format
Section I: Multiple choice, 60 questions, 1 hour 10 minutes, 66% weight
Section II: Free response, 3 questions, 1 hour, 34% weight