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ECON1101 Microeconomics: Prices and Markets

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"This is an introductory unit in microeconomic theory with some policy applications. Topics include an introduction to the economising problem; pure capitalism; demand and supply analysis and elasticity; market failure and the role of governments in an economy; theories of consumer behaviour; production theory and analysis of the costs of production; and price and output determination under different market structures including perfect competition, monopoly, monopolistic competition and oligopoly." - ECON1101 Unit Content

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