Basics of Economics A Complete Study
4.3 (133 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,955 students enrolled

Basics of Economics A Complete Study

Learn basics of economics useful for real life application
4.3 (133 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,955 students enrolled
Last updated 11/2019
English
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Current price: $139.99 Original price: $199.99 Discount: 30% off
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This course includes
  • 6 hours on-demand video
  • 1 article
  • 1 downloadable resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand What is Economics
  • Understand Difference between Micro Economics and Macro Economics
  • Understand Theory of Demand
Requirements
  • This course starts from fundamentals
  • No prior knowledge is required
Description

Welcome to course on "Basics of Economics A Complete Study"

Finance, Accountancy and Economics are three different business subjects but with inter dependence, similarities and of course distinct differences.

If one has to excel in any of the above one domain (Finance / Accountancy / Economics) he should have strong understanding of main domain and basic understanding of other two domains.

Hence, this course will provide basic knowledge on Economics for Finance and Accounting Professionals.

So, what is Economics is all about?

Its about making choices.

Its not just about money.

It is about weighing different choices or alternatives.

So, there are 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 the topics like

Theory of Production and Cost, Price Determination in Different Markets, etc.

This course is structured in self paced learning style.

You will experience virtual class room with black / green board writing and lectures with supporting lectures.

Take this course to understand the basics of Economics.


Who this course is for:
  • Finance and Accounting Professionals
  • CA / CS / CMA / B.Com., /M.Com Students
Course content
Expand all 80 lectures 05:59:51
+ Economics Classification
2 lectures 07:31
Micro Economics
05:04
Macro Economics
02:27
+ Economic Analysis and Laws
13 lectures 01:08:04
Methods of Economic Analysis
05:39
Economic Laws
07:09
Human Wants
04:37
Charecteristics of Wants Part I
05:05
Charecteristics of Want Part II
03:19
Classification of Wants
02:40
Significance of Classification of Want
02:17
Utility - Total Utility and Marginal Utility
05:53
Law of Diminishing Marginal Utility (DMU)
13:06
Importance of Law of DMU
03:17
Criticism of Law of DMU
03:52
Law of Equi Marginal Utility
09:27
20 Limitations of Law of EMU
01:43
+ Demand and Supply
11 lectures 38:43
What is Demand?
03:02
Law of Demand
03:26
Demand Schedule & Demand Curve
03:57
Individual Demand and Market Demand Schedule
02:36
Market Demand Curve
03:10
Exceptions to law of Demand
03:45
Extension and Contraction of Demand
01:54
Shifts in Demand (Increase / Decrease in Demand)
03:05
Factors determining Demand
04:12
Introduction to Elasticity of Demand
01:47
Price Elasticity of Demand
07:49
+ Introduction to Business Economics
2 lectures 18:24
Introduction
07:29
Economic Theory and Business Practices
10:55
+ Decision Making Process in Business
3 lectures 18:38
Decision Making in Business
02:36
Fundamental concepts in Decison Making followed by Incremental Concept
09:35
Incremental and Marginal Concepts
06:27
+ Price determination in different markets
9 lectures 56:20
Market
03:43
Classification of Markets
03:51
Types of Market Struture
05:42
Total Revenure, Average Revenue and Marginal Revenue
04:05
Determination of Prices in Open Market
10:29
Increase in Demand and new Equilibrium Point
07:09
Decrease in Demand and new Equilibrium Point
03:15
Features of Perfect Market
04:56
Price determination in perfect market
13:10
+ Why, What, How, When of Price Determinations in Different Markets
12 lectures 39:09
Why Total Revenue Curve of a price taking firm is an Upward Sloping Straight Lin
02:44
What is the relation between Market Price, AR and MR of Price taking firm?
03:38
What is Market Equilibrium?
01:53
When do we say there is excess demand for commodity?
02:42
When do we say there is excess SUPPLY for commodity?
02:35
What will happen if Market Price greater or less than Equilibrium Price?
01:49
How price is determined in a perfectly competitive market?
01:59
How equilibrium price and quanity affected due to change in Income?
04:52
How increase in price of shoe affect sales of socks?
02:52
How change in price of coffee affects sales of tea?
03:26
How change in price of inputs affect equilibrium?
03:43
Effect of Rightward shift in Demand and Supply Curve on Equilibrium Price and Qu
06:56
+ Perfect Competition
3 lectures 06:28
Prefect Competion Pure Competition
02:14
why firms in Perfect Competion are Price taker?
01:25
Effect on equilibrium Price
02:49
+ Monopoly Market
4 lectures 12:34
what is Monopoly
02:01
Feratures of Monopoly
02:58
Different ways of Creating monopoly
01:46
Monopolistic Competition & its Features
05:49