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Fundamentals of Economics (ECON231)

The course will cover fundamental concepts of both macro- and microeconomics at the introductory level. Microeconomic aspects of the course include supply and demand; elasticity; market efficiency; cost of production; and profit maximization in competitive and monopolistic markets. Macroeconomics aspects include national income accounting; unemployment; inflation; Long-run and short-run aggregate demand and supply curves; economic growth and international trade.

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