Economics for Entrepreneurs
What you'll learn
- Students will learn 10 key concepts in economics that every entrepreneur must learn!
- No pre-requisites
This course introduces some of the concepts in economics that can provide invaluable insights for sellers of products and services. Economics is often dismissed as being an academic or overly theoretical discipline far removed from the realities of this world but in reality we are all affected by market forces that shape up the business climate as well as the economies in which we operate. So without going in to too much technical detail, I go over some concepts and talk about how they can provide us with rich insights and analytical tools to improve our business strategy. Having studied economics as a postgraduate and then venturing out in the world of business, I feel having knowledge of these concepts proved very useful for me over the years. In this course I will talk about the concept of opportunity cost, goals of the firm, the idea of marginal decision making, the practice of price discrimination, how markets are organized / structured, responsiveness of quantity demanded to changes in price and other variables, cost structures of different types of business and what these mean for you, the market forces of supply and demand, the law of diminishing returns and the effect of the economy as a whole on your business.
Who this course is for:
- Entrepreneurs, Freelancers, Online Sellers, Business Owners, Business Managers
Hi there. I am an educator with more than 10 years experience of working with schools and universities in the UK, Middle East and South Asia. I am the founder of Flairworks which is an educational organization working towards preparing young people for the future of work. We provide training in entrepreneurship and soft skills as well college and career counselling programs for our students. I guide students about careers, applying to college, self-leadership, personal development and building their lives inside-out.
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