13506 (v.2) Economics (Markets) 503

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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
Utility and preference, consumer choice, applications and extensions of consumer choice theory, production and cost, the firm and the industry, market structures, game theory, factor markets and distribution of income, market failure, asymmetric information, externalities and public goods.