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    Principles of Economics Paths

    Department of Business and Management

    The course aims at introducing the fundamentals of economic theory. Demand and Supply, Comparative Static, Elasticity, Surplus, Taxation, Utility Maximization, Price, Substitution and income effect, Consumer and Market demand; Profit Maximization; Firm and Market supply; Short-run and long-run market equilibrium; Monopoly; International Trade; GPD