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Paper c04 fundamentals of business economics acorn chapters 1 introduction to economics 2 the price mechanism 3 elasticity of demand and supply 4 market failures and price regulation 5 costs and growth of the firm 6 market structures 7 national income. In this course, following mrus principles of microeconomics course, youll explore how incentives play out in large scale economies, such as that of the u. It is a discipline which deals with application of economic theory to business management. Decision making means the process of selecting one out of. Econ 1012 principles of economics i course outlines.
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