The Power of Markets I: The Basics of Supply and Demand and Consumer Behavior

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  • Week 1 - Supply and Demand
    • Basic Assumptions About Market Participants and the Concept of Opportunity Cost. The Determinants of Demand and Supply.
  • Week 2 - Supply and Demand
    • Using the Supply-Demand Framework to Predict and Explain Market Outcomes as well as to Show the Impacts of Government Intervention. Some Key Elasticities of Demand and Supply.
  • Week 3 - Consumer Choice
    • Explaining Consumer Choice Through Analyzing Consumer Preferences and Budget Constraints.
  • Week 4 - Consumer Choice and the Benefits of Exchange
    • Using Consumer Choice Theory to Analyze Investor Choice as well as Policies Such as ObamaCare and School Choice. Promoting Efficiency in the Distribution of Goods.

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