Course Index

Principles of Microeconomics

Explore markets, consumer behavior, firms, and market failures.

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Understand the relationship between prices and quantity demanded.

Understand the relationship between prices and quantity supplied.

Understand how supply and demand interact to determine market prices and quantities.

Understand the effects of shortages and surpluses on market outcomes.

Understand the effects of price floors and ceilings on market outcomes.

Understand the concept of consumer, producer, and economic surplus.

Understand the concept of elasticity and its applications in economic analysis.

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