1234 (v.3) Economics 100

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Area:	School of Economics and Finance
Contact Hours:	3.0
Credits:	25.0
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
Equivalent(s):	11002 (v.2) Economics (Micro) 100 or any previous version
Key principles of economics, the gains from trade, theory of demand and supply, elasticity and its application, government policies such as price controls and taxes, consumer and producer surplus, externalities, public goods and common resources, costs of production, firms in competitive markets, monopoly, oligopoly.