Determinants of AD (detailed knowledge of the components of AD is not required) - Discussing factors that influence AD.

Shape of the AD curve (downward sloping) - Explaining the downward sloping shape of the AD curve.

Causes of a shift in the AD curve - Analyzing factors that cause shifts in the AD curve.

Definition of Aggregate Supply (AS) - Defining AS as the total supply of goods and services in an economy at a given price level.

Determinants of AS - Identifying factors that influence AS.

Shape of the AS curve in the short run (SRAS, upward sloping line or sweeping curve) and the long run (LRAS, either a vertical line or in three sections — highly elastic, upward sloping, vertical) - Explaining the shape of SRAS and LRAS curves.

Causes of a shift in the AS curve in the short run (SRAS) and in the long run (LRAS) - Analyzing factors that cause shifts in SRAS and LRAS curves.

Distinction between a movement along and a shift in AD and AS - Differentiating between movements along and shifts in AD and AS curves.

Establishment of equilibrium in the AD/AS model and the determination of the level of real output, the price level and employment - Identifying equilibrium in the AD/AS model and its impact on output, price level, and employment.

Effects of shifts in the AD curve and the AS curve on the level of real output, the price level and employment - Analyzing the impact of shifts in AD and AS curves on macroeconomic variables.

Meaning of economic growth - Defining economic growth as an increase in the real output of an economy over time.

Measurement of economic growth - Explaining the measurement of economic growth.