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General Economics: Topics include opportunity costs, gains from trade, efficiency and markets, non-competitive markets, government spending and taxation, economic growth, monetary and fiscal policy, unemployment and inflation, exchange rates. Theory of the Firm: Theory of rational behavior in consumption, production, and pricing decisions of households and firms. Topics include the economics of the firm in the context of partial equilibria in product and factor markets under competition, monopoly, oligopoly and monopolistic competition as well as game theory.
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