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ECO5911 Managerial Economics

The micro- and macro-economic levels of the economy are both examined in this section. The influences on consumer, firm, and market behaviour will be studied by the students. At the micro level, it covers pricing in monopoly, oligopoly, and fully competitive markets as well as the basic economic concepts of scarcity, utility, demand, price, cost, and supply. It also discusses the laws of declining marginal utility and the laws of demand, supply, and price. At the macro level, students will look at the macroeconomic factors that influence the entire economy.

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