MARKETS AND MARKET FAILURE
This module introduces you to microeconomics. You will develop basic models of the microeconomy and apply then to different market situations which will enable you to explain and analyse current market behaviour. You will develop a critical understanding of the workings of the market, examine ways in which governments can intervene in the market and whether such intervention improves or impairs the workings of the market. You should also develop a critical approach to economic models and methods of enquiry, and be able comfortable with the various types of statistical data used by economists.
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