Chapter1: 1Master the basic concepts and accounting methods of national income accounting.

2 master the relationship between GDP, GNP, net GDP, national income, personal income and

disposable personal income.3. Understand the difference between nominal GDP and real

GDP.4.Understand that in the national income accounting, the total income in the economic

circulation flow is always equal to the total expenditure.5. Master the circulation mode of national

economic flow in different economic sectors and the savings-investment identity.6.Understand the

disadvantages of national income accounting.

Chapter2:1. Master the concept of equilibrium output and the conditions of equilibrium output.

2. Understand the concepts of MPC and MPS, APC and APS and their relationships.3. Grasp the

law of diminishing marginal propensity to consume.4. Understand the assumptions and equilibrium

conditions of the simple national income determination model.5. Understanding the equilibrium

state of national economy in two-sector economy can be expressed by Y=C+I equation.6. Master

the algebraic expression of balanced national income in the three-sector economy. Understand the

impact of the increase or decrease of consumption, savings, government purchases, taxes, transfer

payments, etc. on the balanced national income.7. Grasp the concept of multiplier and the

significance of multiplier theory.

Chapter 3: 1. Master the function of money and the process of money creation.2. Master Keynes's

money demand function.3. Understand the formation process of money market equilibrium.4.

Grasp how the change of interest rate affects the decision of investment and national income.

Chapter4:1Further understand the meaning of investment.2. Master the meaning, derivation process

and political meaning of IScurve 3. Grasp the meaning, derivation process and policy implications

of IM curve.4. Master the basic content of IS-LM model.5. Be familiar with the basic framework of

Keyness theory.

Chapter 5:1.Understand macroeconomic goals and their interrelationships.2. Master the definition,

tools, effect analysis and its own defects of fiscal policy and money policy.3.Master the collocation

of fiscal policy and money policy and the economic effect it can achieve.

Chapter 6:1. Grasp the meaning of total demand and aggregate demand function.2. Understand the

reason why aggregate demand curve leans to the lower right.3. Grasp the shape, causes and changes

of Short -rut aggregate supply curve and Long-rut aggregate supply curve.5. Master the national

income determination model of AD-AS and the effect of curve shift of AD and AS.

Chapter 1:learn that economic is about the allocation of scare resources. Examine some of the trade

offs that people face. Learn the meaning of opportunity cost. See how to use marginal reasoning

when making decision. Discuss how incentives affect people’s behavior. Consider why trade can be

good for peopel in different conuntry. Learn what determines som trends in the overall economy.

Chapter 2: know how economists apply the methods of science. Learn the circular flow and the

production possibilities frontier. Learn the difference between positive and normative statements.

Chapter 3: learn the meaning of absolute advantage and comparative advantage. Apply the theory

of comparative advantage to everyday life and national policy.

Chapter 4: learn the nature of a competitive market. Examines what determines the supply and

demand of a good in a competitive market. The key role of prices in allocating scare resources in

market economies.

Chapter 5: the effect of government policies that place a celling on prices and put a floor under

prices. How a tax on a good affects the price of the good and the quantity sold. See how the burden

of a tax is split between buyers and sellers.

Chapter 6: know the link between buyers’ willingness to pay for good and the demand and supply

curve. Learn how to define and measure producer surplus.

Chapter 7: learn the demandin characteristics of public goods and common resources. Why the cost

benefit analysis of public goods is both necessary and difficult. Why people tend to use common

resources too much.

Chapter 8:learn the meaning of average total cost and marginal cost and how they are related.

Examine the relationship between short-run and long-run costs.

Chapter1:Accounting concepts and principles, ethics in accounting: confidentiality,

competence,objectivity,integrity.

Chapter2: Accounting Equation: Define accounting elements, Understand accounting

equation,Understand how transactions affect accounting equation. Basic elements of accounting:

Assests,Liabilities, Capital, Revenue,Expense,Profit. Basic accounting equation:

Assets=Liabilities+Captial

Chapter3: Define account and ledger, Analyze transaction using debits and credits, Understand

double entry system,prepare a trial balance and explain its usefulness. The professor teach us that

the simplest form of the account is know as the “T” account because it resembles the letter “T”.

The left side of an account is called debit, the right side is credit.

Chapter4: Journalizing and Posting Transactions. This chapter I learned how to record transactions

in a general journal.

Chapter5: Adjusting and Closing Procedures. After completing this chapter, I am able to understand

accrual and cash basis of accounting, make adjusting entries, make closing entries and prepare

post-closing trial balance.

Chapter6: Defining and preparing the Income Statement, the Capital Statement and the Balance

Sheet.

Chapter7: Periodic and perpetual inventory systems, The type of financial jouranl, sales returns and

allowances.