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Principles of Microeconomics: Course Syllabus and Study Guide

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Introduction to Economics

Scarcity and Choice

The Demand Curve

Shifts in the Demand Curve

The Supply Curve

Shifts in the Supply Curve

Market Equilibrium

Marginal Analysis

Price Elasticity of Demand on a Graph

Determinants of Price Elasticity of Demand

The Production Function and Diminishing Returns

Revenue, Cost, and Profit

Characteristics of Perfect Competition

Characteristics of Monopoly

Externalities: Social Benefits and Social Costs

Public Solutions to Externalities

Four Market Model Summary: Perfect Competition

Four Market Model Summary: Monopoly