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Explore market forces and failures.

Learn how consumers and businesses make decisions, and how the interplay of market forces and government interventions affect people’s well-being.

Gain insight into the causes of long-run changes in standards of living and short-run fluctuations in economic performance. You’ll learn about the role of incentives and the tradeoffs we face when trying to use scarce resources efficiently while preserving long-run sustainability of production and achieving an equitable distribution of economic output.