1)     Know about Full Employment2)     Know the concepts of Supply and Demand

3)     When would Excess demand happen in a market

4)     Given an example be able to state what has happened to the supply and demand curves and the equilibrium price and quantity during a particular time period

5)     Given a graph of the Demand and Supply curves in a market, be able to assess at a particular price and quantity how much the price must change for the market to be in equilibrium

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