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ECN101 - Principles of Microeconomics

Primary concern is with the study of individual decision units, such as the consumer, households, and firms. Analysis will focus on the way in which the decisions of these units interrelate to determine relative prices of goods and factors of production and quantities that are bought and sold. The ultimate aim is to understand the mechanism by which the total amount of resources is allocated among alternative uses. Economic tools will be used to analyze both economic and political processes.

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