Fundamentals of Micro Economics (economics a)
The economic course for beginners - A, helps you to understand the concepts and terminology of a college level first year economics course. You do not need to know mathematical equations to understand the basic concepts presented throughout the course. The use of real-life examples and easy to read graphs makes the content easy to grasp. Upon completing Economics for Beginners ,you will have the knowledge and understanding of a beginning economist level. A concluding quiz will examine your comprehension at the end of each lesson.
Topic Outline:
1. Introduction
What Is A Curve? | Declining Marginal Output | Microeconomics – Macroeconomics
2. Production Possibilities Curve
Production Possibilities Curve | Underuse Of Resources | Three Types Of Costs | Improved and Declining Manufacturing Capability
3. Comparative Advantage
Barter | Using Comparative Advantage To Increase Potential | Consumption | Consumption Possibilities Curve
4. Gross Domestic Product and National Accounts
Added Value | National Income | National Accounts | Gross and Net Investment | GDP | The PPC Curve
5. Demand and Supply
Demand and Supply Curves | Shifting In The Curves | Shifting of The Curves | Market Equilibrium Price | Export and Imports | Interfering of The Government | Elasticity | Types of Markets
6. Household
Savings vs. Shortfall | Lorenz Curve | Taxes | The Consumption Curve
7. The Central Bank
Checking Accounts | What Money Is | Money The Economy | Bank Lending | Loans | Bank Sheets | The Income Statement | Issuing Currency
Course Features
♦ Continuous personalized support from our online Help Desk
♦ Learn at your own pace, 24/7
♦ Learn anytime, anywhere
♦ Amazing price
♦ 100% money-back guarantee
♦ Get a GFS certificate (subject to qualifying conditions)
Objectives
- To provide an introduction to the economic way of thinking through exposure to the language, theories and methodology of economics.
- To provide understanding of how core macro- and micro-economics theoretical principles relate to practical economic issues, and how they can be used to analyze important real- world economic problems and developments.
- To describe the ways in which people produce, consume and exchange goods and services.
