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BEA111 Introduction To Markets And The Economy
The course Introduction to Markets and the Economy introduces students to the key macroeconomic and microeconomic theories. The course will demonstrate how these concepts can be used to define and explain the decision made by organisations and people as well as their responses to national and international events, social and economic development, and governmental policy. The course explains when and why markets succeed and fail. The majority of the course is devoted to explaining how to create fundamental macroeconomic and microeconomic solutions for market failures and how to assess the welfare implications for various societal groups.
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