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2) Market structure - pricing behaviour of firms; contestability; CRASS; price discrimination (identify and evaluate); strategies to cope with an adverse event (how to survive thru cost cutting or boosting revenue / thrive thru price or non price comp)
3) Market failure - revise externality diags and free provision scenarios; read up on info asymmetry and factor immobility; practise diagrams in general (over tax or subsidise diagram, ban, etc). Rem ubcc framework and how to explain rational behaviour acid-p
4) National Income - revise performance indicators, DIRCO, GDV and circular flow. Pay attention to inclusive and sustainable growth
5) Macro goals and policies -
Causes, consequences and cures to INFLATION, DEFLATION (SG context also), QE, austerity, conflicts and priorities of goals - (many videos available on my website) and circumstances under which policy mix is needed (we went thru during last session)
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