Basic Introduction to Economics

Get Trained as an Economist
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  • Lectures 10
  • Length 1.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 1/2016 English

Course Description

This course offers basic understanding of economic concepts. I think the material provided in this course will be useful in understanding the core ideas of economic process. The course includes the following:

  • Meaning of economics
  • Evolution of economic ideas over the years
  • Various definitions of economics
  • Whether economics is science or an art
  • Methodology of economics
  • Scope of Economics
  • Types of Economic systems
  • Fundamental problems of an economy
  • Solutions of basic or fundamental problems of an economy

This course will help you to understand various concepts and economic process in a better way. I am sure you will enjoy yourself while doing basic economics course.

What are the requirements?

  • You should already be familiar with economic terms
  • You should already be aware of economic systems

What am I going to get from this course?

  • Learn meaning of economics
  • Learn various definitions of economics
  • Learn nature and scope of economics
  • understand the methodology of economics
  • Learn types of economic system
  • Learn fundamental problems of economy and how to solve them

Who is the target audience?

  • I think a basic understand of economic concepts is useful for every student.
  • Students of economics, MBA, BBA and commerce
  • Business professionals

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Introduction to Economics
Definitions of Economics
Nature of Economics
Positive and Normative Economics
Scope of Economics
Methodology of Economics
Types of Economic Syestem
Fundamental Problems of an Economy
Solution of Fundamental Problems by Price Mechanism
Solution of Fundamental Problems by Economic Planning

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Instructor Biography

Dr. Ash Narayan Sah, Data Scientist

I am Ash Narayan Sah working as assistant professor in the area of Economics and Econometrics in Thapar University, Patiala. I am a doctorate in Economics. I started doing my specilization in the economics area after my 12th. I completed my graduation in economics with honours from Utkal University in 1997. I did my master in economics from Hyderabad Central University, Andhra Pradesh in 2000. I also did my M.Phil in Economics and after M.Phil, I enrolled for my PhD in Financial Economics in Hyderabad Central University. After completion of my PhD, I joined as an assistant professor in University of Petroleum and Energy Studies, Dehradun in January 2007. I worked for 5 years in University of Petroleum and Energy Studies and taught basic econometrics course and mangerial economics to MBA students. During my stay at University of petroleum and Energy Studies, I realized the need of data analysis book using MS Excel for students of business studies. And then I decided to author my first book titled 'data Analysis using MS Excel', which published in 2009. after that I published another book titled ' Statistics for Management using MS Excel', which got published in 2013. I am having eight years teaching experience. In addition, I have also published few research papers. My expertise also extends in doing econometric and statistical analysis using several softwares like SPSS, Eviews, and MS Excel.

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