0.Graphically show describe different market structures

1.A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth in the standard of living (for example) is a primary goal. Why do you think that is so?

2.Macroeconomics is an aggregate of what happens at the microeconomic level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level?

3.Suppose, as an economist, you are asked to analyze an issue unlike anything you have ever done before. Also, suppose you do not have a specific model for analyzing that issue. What should you do? Hint: What would a carpenter do in a similar situation?.

4.Why do you think that most modern countries' economies are a mix of command and market types?

5.Can you think of ways that globalization has helped you economically? Can you think of ways that it has not?

6.What are the three main goals of macroeconomics?

7.How did John Maynard Keynes define economics?

8.Are households primarily buyers or sellers in the goods and services market? In the labor market?

9.Are firms primarily buyers or sellers in the goods and services market? In the labor market

10.What are the three ways that societies can organize themselves economically?