Innovation, markets and industrial change
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# 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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OpenLearn - Innovation, markets and industrial change
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