Economics & Business

Macroeconomics Study Guide

National economy — GDP, inflation, unemployment, monetary and fiscal policy, and international trade.

Core topics in Macroeconomics

Macro is graph-heavy and students underprep graph drawing. Exam rubrics award points for correctly labeled axes and shifts — vague prose doesn't.

Fennie drills graph-shift problems with auto-graded labels matching the rubric language professors use.

Either works; many programs sequence micro first because it's more foundational.

Lightly — more on the CFA. GMAT has business-related quant only.

Yes — with shift scenarios and rubric-aligned grading.

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Consumer and firm behavior, market structures, factor markets, market failure, and welfare economics.

Statistical analysis of economic data — regression, hypothesis testing, instrumental variables, and causal inference.

Recording business transactions, preparing financial statements, and analyzing them for external users.

Internal accounting — cost behavior, budgeting, variance analysis, and decision support for managers.