-How to measure economic growth rates

-What does long-run economic growth mean?

-To introduce Macroeconomic Mechanism.

-What causes Inflation

-To understand the costs associated with inflation

-To introduce the concept of the Natural Rate of Unemployment

-To understand the costs associated with being unemployed

-To introduce the concept of Inflation

-How to measure inflation

Objectives: 

- To introduce the concept of unemployment
- To understand the way we calculate the unemployment rate

Objectives: 

- To introduce the three types of employment
- To introduce the natural rate of unemployment

Objectives: 

-Introduce the GNP concept
- The importance of using  GNP

Objectives: 

- Introduce the two approaches in calculation the GDP
- The limitations of GDP

Objectives: 

-To differentiate between the two concepts (Nominal vs Real)
-To know when to use each concept