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LO-1
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Explain the basic economic consepts and problems. |
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LO-2
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develop the ability of working with graphs in economics. |
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LO-3
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define the structure and characteristics of markets in the economy. |
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LO-4
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explain the relations between economics variables |
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LO-5
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Describes the basic microeconomic problems |
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LO-6
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Will be able to explain monopoly market and firm equilibrium in this market. Will be able to explain the structure and functioning of the monopsony market. Will be able to define firm equilibrium and oligopoly theories in oligopoly market. |
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LO-7
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Will be able to specify factors affecting factor supply and factor demand and will be able to make equilibrium analysis in factor market. |
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LO-8
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Will be able to explain the general concept of balance and well-being and its simplifying assumptions. |