This module introduces the most relevant concepts of micro- and macro-economics. We will consider the perspectives of consumers, individual businesses and society. Our focus is on the insights of economics for business decision making. The module will cover mostly microeconomic topics such as supply and demand, elasticities, firm behaviour, pricing and market structures, market failures, and consumer behaviour. The second part, devoted to macroeconomics, will study aggregate demand and aggregate supply, inequality, unemployment, inflation, and fiscal, monetary and supply-side policies.

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