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• GDP (gross domestic product) and economic expansion
• Adjustments for Real versus Nominal GDP
• Business cycles and fluctuations in the economy
• Inequality of Income and Economic Development
• Spending by the Government and Fiscal Policy

• Tax Laws and Budget Shortfalls
• Classical vs. Keynesian Economics
• Economic stimulus packages, public debt, deficit spending, and their effects on central banking and monetary policy

• Interest rate policies and the Federal Reserve System
• Control of the Money Supply and Inflation vs. Deflation
• Quantitative Easing and Open Market Operations: How Monetary Policy Affects Employment and Wages
• Dynamics of the Labor Market and Unemployment

• Cyclical, Frictional, and Structural Unemployment
• Employment Market Trends and the Labor Force Participation Rate
• Policies Regarding Minimum Wages and Their Effect on the Economy
• Automation and the Workplace of the Future
• Globalization and International Trade

• Trade deficits and the balance of payments
• Theories of Exchange Rates (PPP, Floating vs. Fixed)
• Free trade versus protectionism (trade wars, quotas, and tariffs)
• The World Bank, WTO, and IMF's roles in global economics
• Economic Models and Macroeconomic Theories

• Keynesian versus Classical Economics
• Aggregate demand-supply curves and the IS-LM model
• Phillips Curve: The Association Between Inflation and Unemployment
• Models of Economic Growth (Solow, Harrod-Domar)
• Economic Recessions & Financial Crises

• The causes and consequences of the financial crisis of 2008
• The Great Depression and Its Implications for Contemporary Economics
• The COVID-19 pandemic, its effects on world economies, potential economic hazards, and suggested policies

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