This module involves:
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Demand and supply
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Elasticity
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Cost analysis
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Influence of market structure
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Perfect and imperfect competition
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Economic analysis of monopoly and oligopoly
Learning Outcomes
On completion of this linked module the student will be able to: have a clear grasp of the principles involved in microeconomic theory; apply these principles to current and topical industrial economic problems.
Assessment
2 hr examination 75%, class test 12.5%, essay 12.5%