This module examines consumer decision-making and market mechanisms such as auctions and exchange systems. Learners explore indifference curves, consumer equilibrium, and the role of bidding strategies in auctions. The module also introduces foreign exchange markets and the participants involved in global currency transactions.

This module explores the interaction between global trade and financial systems. Learners examine exchange rate regimes, trade restrictions, capital flows, and trade deficits. The module also introduces the concept of money, the money market equilibrium, and the objectives and characteristics of central banking institutions.

This module focuses on macroeconomic policy tools used by governments and central banks to stabilize economic activity. Learners explore monetary policy transmission mechanisms, neutral interest rates, fiscal policy tools, fiscal multipliers, and policy implementation lags that influence economic outcomes.

This module examines fluctuations in economic activity and the indicators used to analyze macroeconomic performance. Learners study business cycle phases, inflation dynamics, factors affecting price levels, and the interpretation of leading, coincident, and lagging indicators. The module also introduces GDP and national income accounting.

This module analyzes different market structures and the strategic behavior of firms within them. Learners examine perfect competition, monopolistic competition, oligopoly models, and natural monopolies. The module also introduces game theory concepts such as the Prisoner’s Dilemma and explores firm supply behavior.

This module focuses on firm-level production decisions and the economic welfare outcomes of market interactions. Learners explore factors of production, cost structures, profit maximization in perfect competition, and industry cost conditions. The module also introduces consumer and producer surplus, price controls, and price elasticity.