Familiarize yourself with arguments for and against progressive income taxes.
Explain the causes of monopolies.
Describe the incentives for companies to compete with each other or collude with each other
Know how regulations affect market outcomes, and why these effects may be desirable or undesirable
Explain the differences between capture theory and public-interest theory.
-Know and be able to explain the 10 planks of the Communist Manifesto
Summarize the key ideological positions in economic thought from mercantilism to the present. Know the general time-line and some of the key players