Select three topics that were especially interesting and/or challenging to you.

Topics you can discuss include but are not limited to:

• Comparative and absolute advantage
• Reading and drawing PPFs
• Opportunity Cost
• Aggregate supply and demand
• GDP
• Consumer Price Index
• Inflation
• Unemployment
• Fiscal and monetary policy
• Balance of Payments
• Exchange Rates
• Current Account Balances

1) Explain what each concept is, how it works and why you found it interesting or challenging.

2) Show an example that explains and illustrates each concept. The example should be a real-world example and if it requires a graph to help illustrate the example, draw and include the graph. Make sure you include an explanation of how you drew the graph, what you included in the graph and why you included it.

3) Finally explain how reflecting on each concept helps you to better understand it and how understanding it helps you better understand the economy in the real world.