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Microeconomics
Microeconomics
Lectures 01-02
Jan 05&09; 2017
Microeconomics
Introduction
On this course
See the Course Description
Microeconomics
Introduction
Why Microeconomics?
Wewill discuss the following topics:
The Themes of Microeconomics
What Is a Market?
Real versus Nominal Prices
Why Study Microeconomics?
Microeconomics
Introduction
Preliminaries
Microeconomics:
Branch of economics that deals with the behavior of individual
economic units - consumers, firms, workers, and investors - as
well as the markets that these units comprise.
Macroeconomics
Branch of economics that deals with aggregate economic
variables, such as the level and growth rate of national output,
interest rates, unemployment, and inflation.
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