Basics of Economics – A Complete Study
What you’ll learn
Understand What is Economics
Understand Difference between Micro Economics and Macro Economics
Understand Theory of Demand
This course starts from fundamentals
No prior knowledge is required
Welcome to the course on “Basics of Economics A Complete Study”
Finance, Accountancy, and Economics are three different business subjects but with interdependence, similarities and of course distinct differences.
If one has to excel in any of the above domains (Finance / Accountancy / Economics) he should have a strong understanding of the main domain and a basic understanding of the other two domains.
Hence, this course will provide basic knowledge on Economics for Finance and Accounting Professionals.
So, what is Economics is all about?
It’s about making choices.
It’s not just about money.
It is about weighing different choices or alternatives.
So, there are a variety of modern definitions for economics. Some of the differences may reflect evolving views of the subject or different views among economists
By studying Economics, you will understand two fundamental facts;
a) Human beings have unlimited wants; and
b) The means of satisfying these wants are relatively scarce
and the above form the subject matter.
By taking this course, you will learn
i) What is Economics
ii) Definition and Scope of Economics
iii) Nature of Economics
iv) Methods of Study of Economics
v) Economic Problems
vi) Theory of Demand
vii) Law of Demand
viii) Expansion and Contraction of Demand
ix) Demand Curve
x) Elasticity of Demand
Based on students engagement level, further courses will be added on topics like
Theory of Production and Cost, Price Determination in Different Markets, etc.
This course is structured in a self-paced learning style.
You will experience a virtual classroom with black / green board writing and lectures with supporting lectures.
Take this course to understand the basics of Economics