1. Using a well labelled graph show equilibrium in goods market

2. Define Lm curve

3. Mathematically derive IS curve and LM curve

4. Using a well labeled curve derive investment curve using LM-IS model

5. Define the Marginal rate of technical substitution

6. Mathematically derive equilibrium in money market

7. Explain the meaning of elasticity of demand

8. State and explain reasons why elasticity of demand for inferior good is positive

9. Describe the meaning of elasticity of supply

10. Describe situations when the elasticity of supply is elastic

11. Define cross elasticity of demand