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Topic outline

  • Introduction: Markets and Prices Supply and Demand

    Student will able to explain the scope of microeconomics and introduces some basic concepts and tools

    • Producers, Consumers, and Competitive Mar-kets Production

      Student will able to explain consumer bahavior and producer behavior

      • Market Structure

        Student will able to explains how the pricing, investment, and output decisions of firms depend on market structure and the behavior of competitors

        • Externalities

          Student will able to explain how markets can sometimes fail and explains how government intervention can be used to achieve economic efficiency