Apply the underlying principles of economics and the economic way of thinking to assess market issues and make business decisions.
Analyze the dynamics of supply and demand to anticipate market equilibrium.
Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies
Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
Use technology and information resources to research issues in principles of economics.
Write clearly and concisely about principles of economics using proper writing mechanics.
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