Equation of exchange and the quantity theory of money

• What does the quantity theory of money say about the impact of money on the price level in the long run?
• Impact of the exchange rate on the economy in the short run & in the long run
• What influences net exports (X-M) in the long run?
• Role of the public sector (government) balance - (T-G)
• Role of the private sector balance (S-I)

Economic growth

• Definition
• What factors cause economic growth?
• What is the role of productivity in economic growth?
• Determination of the full-employment quantity of labour in the labour market
• Understand the role of the full-employment quantity of labour in determining potential GDP and in economic growth.