Microeconomic theories
Select a course learning outcome from the list below and explain how you will use what you have learned this semester to make yourself a better decision maker – whether at home, the workplace or at school.
Microeconomics Course Learning Outcomes
- Explain Microeconomic theories such as: consumer decision making, business decision making, market clearing prices and market failures.
- Use supply and demand analysis to predict or evaluate the effects of government policies or other events on society’s allocation of resources; including clear written explanations of the graphic analysis.
- Evaluate the interaction between markets, individuals, businesses and the government.
- Show how the production and pricing decisions of firms depend on costs and the degree of competition faced by firms.
- Compare and contrast the performance of various market structures ranging from perfect competition to monopoly.
- Illustrate the welfare loss resulting from market failures such as externalities, and evaluate government policies to address those failures.
Respond to the DB prompt in a new thread – this is your major comment – (150-word minimum) by [Wednesday] at 11:59
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