| 1 | What happened to the economy, understand the nature of the economic problem |
| 2 | That the decisions of economic agents and the economy as a whole, how it works, how to interpret the |
| 3 | How to allocate scarce resources in the market, and the consequences of failure to achieve what it is (ie, externalities, inflation, unemployment and economic fluctuations) explain the |
| 4 | How and why governments intervene in markets, and declare the results of that |