| Catalog Content |
Basic Concepts of Economics, What is Economics?; Balancing Choices and Scarcity, How Markets Work?; Market Forces and Competition, Demand and Supply, Changes in Market Equilibrium; Prices and Allocation of Resources; The Theory of Consumer Choice, Budget Constraint and Optimal Choices for Individual Consumers, Elasticity; Production, Cost and Profit, in The Short Run and the Long Run; Market Structures; Revenues and Revenue Curves of Competitive Firms; Monopoly and Imperfect Competition; The Welfare Cost of Monopolies; Factor Markets; Government Policies and Market Efficiency. |
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