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Basic Introduction to Economics

Get Trained as an Economist
3.5 (16 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,213 students enrolled
Last updated 1/2016
  • 1.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

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.

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
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What Will I Learn?
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
View Curriculum
  • You should already be familiar with economic terms
  • You should already be aware of economic systems
Curriculum For This Course
Expand All 10 Lectures Collapse All 10 Lectures 01:24:06
10 Lectures 01:24:06
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
About the Instructor
2.5 Average rating
59 Reviews
4,014 Students
10 Courses
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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