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1. Describe the differences between Macroeconomics and Microeconomics. 2. Describe what Macroeconomists Study. 3. Describe how Economists Think. 4. Describe what is a market-clearing model.

1. Describe the differences between Macroeconomics and Microeconomics. 2. Describe what Macroeconomists Study. 3. Describe how Economists Think. 4. Describe what is a market-clearing model. 5. Describe what GDP is, and what it measures. 6. Describe what are the four components of GDP. 7. Describe what CPI is, and what it measures

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