This course is an introduction to microeconomics (the economics of the market) and macroeconomics (the economics of the country) for people who have done little or no economics. It covers how we model the behaviour of firms operating in their diverse markets, using the concepts of demand, supply and market equilibrium. Critical tools such as elasticity, opportunity cost and game theory are developed and used. The macroeconomics section shows how we measure economic production for entire countries, what determines long-term growth of nations, and why money and the institutions that manage it are important elements affecting economic behaviour.
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