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Applied Economics for Managers

Massachusetts Institute of TechnologyUnited States15.024
Free, no sign-up neededSummer 2004English
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The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources. Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist’s criterion of market efficiency.

Description from MIT OpenCourseWare.

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