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This paper discusses what to teach when it comes to teaching market economics as a course in general education, and how to teach it as well. The contents should include the concepts of efficiency and equity and also the manner in which they are intertwined. Following the introduction of basic concepts, the derivation of the demand and supply function based on the optimization principle, along with the market equilibrium under various market organizations, are to be explained. We also note thatdoi:10.46392/kjge.2020.14.6.133 fatcat:5n3n2zuj2betnpltq4oi3pdtsu