Economics Concepts

Core microeconomics and macroeconomics concepts tested in CMAT — demand, supply, market structures, GDP, inflation, fiscal & monetary policy.

• Monetary Policy — Macroeconomics
• Types of Economic Systems — Macroeconomics
• Consumer and Producer Surplus; Welfare Economics — Microeconomics
• Elasticity of Demand — Microeconomics
• Market Structures — Microeconomics
• Law of Demand — Microeconomics
• Opportunity Cost and Production Possibility Frontier (PPF) — Microeconomics
• Supply and Law of Supply — Microeconomics
• Inflation — Macroeconomics
• Fiscal Policy — Macroeconomics
• Break-Even Analysis — Managerial Economics
• GDP — Gross Domestic Product — Macroeconomics