ECON102: Principles of Macroeconomics

Upon successful completion of this unit, you will be able to:

• identify the determinants of demand and supply;
  
• describe how changes in demand and supply lead to changes in a market's equilibrium price and quantity;
  
• distinguish microeconomics from macroeconomics; and
  
• describe the circular flow model, identifying linkages between the markets for goods and resources as well as the exchanges between businesses and households.