Describe and apply the economic perspectives of scarcity and opportunity costs.
Analyze current news events and apply basic economic concepts to everyday problems and situations.
Utilize the tools of economics for decision making for a firm operating in a market economy
Cite examples of the various forms of market structure: pure competition, monopolistic competition, oligopoly and monopoly
Discuss the impact of current economic trends and realities on politics, the workplace and the quality of individual lives.
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