This course, provides higher education students an introduction to the fundamental concepts and principles in economics.
The course first explains the core concepts such as the fundamental economic problem—scarcity—and examines the spectrum of economic systems and the varying roles governments play in each.
In the microeconomics section, learners will dissect market mechanics through the study of demand and supply, elasticity, and consumer behavior, gaining a comprehensive view of market operation. They'll also examine firm behavior, production, and costs to understand the backbone of economic activity.
Moving to market structures, the course reviews the efficiency of perfect competition against the challenges of monopoly and oligopoly, while addressing issues like market failures, public goods provision, and labor market dynamics, including income distribution.
In the section on macroeconomics, students will learn how to measure and interpret economic performance, navigating through GDP, inflation, and unemployment. The global perspective includes international trade, currency exchange, and balance of payments.
An integral focus is on macroeconomic policy, where students learn more about the pivotal roles and strategies of governments and central banks in shaping fiscal and monetary policies to foster economic stability and growth.
This course is designed to equip students with the analytical tools to understand and engage with the world economy, preparing them to navigate the complex economic landscapes of the 21st century.
- Theory, questions, and solutions in a module
- Developed by industry professionals, ensuring relevance and practical application
- Case based learning preparing students for exams and/or professional assignments
- Adaptive question module, offering instant feedback on thousands of questions to accelerate the learning experience
- Customized learning journey aligned to your course's learning objectives