Basics of Economics – A Complete Study

What you’ll learn

Course Description

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