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Introduction to Economics (Course Guide)

Course Materials

Elasticity (Melissa Kono Students)

Consumer Choice

Course Competencies

Do you understand how to...?

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  • identify market failures
  • determine the causes of market failures
  • differentiate between positive and negative externalities
  • differentiate between public and private goods
  • evaluate potential solutions to market failures
  • analyze accumulation of wealth
  • analyze the role of government in addressing market failure

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