Course Description
This introductory undergraduate course covers the fundamentals of microeconomics. Topics include supply and demand, market equilibrium, consumer theory, production and the behavior of firms, monopoly, oligopoly, welfare economics, public goods, and externalities.
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An Opel car assembly line in Poland. The car industry is an oligopoly, where a small number of companies have significant control of the market. Oligopolies are discussed in lecture 13. (Image by Marek Slusarczyk on Wikimedia Commons. License: CC BY)
