COURSE DESCRIPTION
This course will cover the area of economics commonly
defined as microeconomics which is concerned with the
individual parts of the economy such as individual
businesses or industries, individual consumers, and
individual products. Our goal is to study whether the
economy uses our limited resources to obtain the maximum
satisfaction possible for society. We will concentrate on
three issues or goals: ALLOCATIVE EFFICIENCY, PRODUCTIVE
EFFICIENCY, and EQUITY, or "efficiency, efficiency, and
equity".
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