Laying the foundations of your economics knowledge; you’ll learn about the assumptions of economics (and the flaws of these assumptions); along with key theories and the behaviour of economic actors. You’ll gain a basic grasp of core concepts such as economies of scale; market failure; externalities; elasticities; and macroeconomic metrics such as inflation and unemployment. With this knowledge; you will be able to understand what economic policies are appropriate given the economic landscape; and the potential unintended consequences of such policies.
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