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Course
Description
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This course introduces the basic concepts, methods, and models in economics. Topics include analysis of competitive markets, imperfect competition, welfare, externalities and market failure, structure of the macroeconomy, short-run economic fluctuations and stabilization policies, and international economics. Texts: A. O'Sullivan and S. Sheffrin, ECONOMIC PRINCIPLES AND TOOLS; and John Taylor, ECONOMICS. Assessment is based on class participation (10%), a midterm exam (30%), and a final exam (60%).
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