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Introductory Microeconomics:

Definitions of Economics / Extra-Sensory Economic Perception / Scarcity and Production / Adam Smith, Specialization and the Division of Labor / Markets and Mayhem: Economic Systems / Assumptions of Neoclassical Economics / Demand / Price Elasticity / Other Elasticities / Supply / Equilibrium and Surplus / Taxes and Subsidies / Market Failure / Externalities / Public Goods / Imperfect Information / Moral Hazard / Speculative Bubbles / Government Intervention / Government Failure / 


 
Introductory Macroeconomics:

Macroeconomic Indicators / Economic Growth / Inflation / Unemployment / The Phillips Curve / The Balance of Payments / Aggregate Demand / Consumption / Investment / Government Spending: Purchases and Transfers / Net Exports / Aggregate Supply / Macroeconomic Equilibrium / Circular Flow / The Multiplier / Macroeconomic Trade-Offs / The Business Cycle and Output Gaps / Conflicting Macroeconomic Objectives / Fiscal Policy / Monetary Policy / Interventionist Supply Side Policies / Free Market Supply Side Policies /


 
Business Behavior in Economics: 

Business: The Collective Creative Enterprise / Types of Business / Business Size / Business Objectives / Revenue / Costs / Scale / Market Structures / Profits and Losses / Perfect Competition / Monopoly / Oligopoly / Monopolistic Competition / Contestability / Types of Efficiency / Labor Demand / Labor Supply and the Marial Boatlift / Wages and Wage Determination / Labor Market Failure / Government Intervention in Labor Markets / 


 
Trade, Globalization and Development: 

Causality of Globalization / Consequences of Globalization / David Ricardo and Comparative Advantage / Patterns of World Trade / The Terms of Trade Formula / Protectionism / Free Trade and Liberalization / The Balance of Payments Revisited / Exchange Rate Systems / Exchange Rate Impacts / International Competitiveness / Poverty: Relative vs Absolute / Income Inequality and Income Mobility / Public Sector Expenditure / Public Sector Taxation / Public Debt / Macroeconomic Problems / Macroeconomic Policies / Measures of Development / Constraints on Development / Growth Policies / 


 
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