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Eastern Mediterranean University

Introduction to Economics - I (ECON101)

Elementary microeconomics. The economic problem. Supply and demand. Elasticity. Marginal analysis of consumers' and firms' behavior. The theory of profit maximization. Analysis of markets. Pricing in competitive and non-competitive markets

Credit: 3

Lecture Hour (hrs/week): 3

Lab (hrs/week): 1

Tutorial (hrs/week): 0

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