This unit examines the underlying principles of microeconomic theories related to resource allocations. These principles will then be used to explain and analyse important economic and institutional relationships and actual, live, occurrences within our economic and social system. Examples include an examination of global markets in action, questions related to economic inequality and important, existing market structures such as oligopoly. The application of economic principles and theoretical constructs will be taught in a manner that will develop students' conceptual and creative skills.
Prescribed Text - MICROECONOMICS ISE INC MYECONLAB WITH E-TEXT ACCESS CARD
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