Innovation, markets and industrial change
Innovation, markets and industrial change

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Innovation, markets and industrial change

Learning outcomes

After studying this course, you should be able to:

  • appreciate the importance of technological change, costs of production and consumer preferences to the changing organisation of production

  • understand the relation between the quantity demanded of a good and its price as represented by the demand curve

  • understand economic models of the relation between firms’ costs and output

  • analyse the role of technology and costs in influencing industry structure over the life cycle.

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