Course Learning Outcomes:
-Describe the terminology of macroeconomics including GDP, GNP, national income, business cycles,
monetary policy, fiscal policy, inflation, unemployment
-Apply the concepts of choice and opportunity cost to basic situations involving scarcity and choice.
-Analyse and distinguish the concept of aggregate demand, aggregate supply and macroeconomic
equilibrium
-Discuss and describe the concepts, tools, and implementation of monetary and fiscal policies.
-Comprehend the relevance and importance of circular flow of the economy
Q.1 = Using the data below:
A= Find out the Quantity demanded by the second and third consumers, and the market demand
B= Draw the Demand Curve for each Buyers and the market demand
P QD1 QD2 QD3 QDM
5 60
10 50
15 40
20 30
25 20
30 10
35 5
Q.2 = Using the data below:
A= Find out the Quantity produced by the second and third producer, and the marketsupply
B= Draw the Supply Curve for each producer and the market supply.
P QS1 QS2 QS3 QSM
5 5
10 10
15 20
20 30
25 40
30 50
35 60
Q.3 = Using the data from Q.1 & Q.2 above:
Draw the market demand and the market supply curves and show the equilibrium between
the demand and supply .
Q. 4 = Show with the help of diagrams the effects of the changes either in demand or in supply
on the market equilibrium ,MENTION THE REASONS AND THE RESULT:
1) – A change in demand and supply moves in the same direction (increases OR decreases)
2) – A change in demand and supply moves in the opposite direction
(Increases&Decreases)
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