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Finance & Accounting Economics

Basics of Economics A Complete Study

Learn basics of economics useful for real life application
Rating: 3.9 out of 53.9 (146 ratings)
4,025 students
Created by Raja Natarajan, B.Com., PGDBA, FCA
Last updated 11/2019
English
English [Auto]
30-Day Money-Back Guarantee

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

Featured review

Then Arifin
Then Arifin
458 courses
26 reviews
Rating: 5.0 out of 57 months ago
I always trust Mr. Raja Natarajan as a great Economy and Financial Guru. I have collected a few courses of Financial and Economy from Mr. Raja and try to gain a knowledge more and more in Financial sector. This economy course provided a lot of basic economy knowledge you need to know.

Course content

13 sections • 80 lectures • 5h 59m total length

  • Preview04:42
  • Preview04:57
  • Preview03:20
  • Economics Growth Definition
    05:16

  • Micro Economics
    05:04
  • Macro Economics
    02:27

  • 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
  • Limitations of Law of EMU
    01:43

  • 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
    07:29
  • Economic Theory and Business Practices
    10:55

  • Decision Making in Business
    02:36
  • Fundamental concepts in Decison Making followed by Incremental Concept
    09:35
  • Incremental and Marginal Concepts
    06:27

  • 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 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

  • Prefect Competion Pure Competition
    02:14
  • why firms in Perfect Competion are Price taker?
    01:25
  • Effect on equilibrium Price
    02:49

  • what is Monopoly
    02:01
  • Feratures of Monopoly
    02:58
  • Different ways of Creating monopoly
    01:46
  • Monopolistic Competition & its Features
    05:49

Instructor

Raja Natarajan, B.Com., PGDBA, FCA
Chartered Accountant
Raja Natarajan, B.Com., PGDBA, FCA
  • 4.1 Instructor Rating
  • 9,133 Reviews
  • 180,403 Students
  • 110 Courses

               I am a Chartered Accountant with tonnes of passion for teaching. 

  I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai. 

          I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc. 

      I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc. 

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

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