
Meet an economist with a master's in finance and a PhD in management, and explore the course content and outcomes you can achieve by the end of Economics for Everyone.
Explore how demand and supply curves show price effects, equilibrium, and movements along curves due to weather, seasonality, trends, and technology, plus excess supply and demand and price adjustments.
The consumer price index tracks the cost of a representative basket of goods and services over time to measure inflation and guide wages, policy, and contracts.
Understand core economic indicators—GDP, unemployment rate, exchange rate, interest rates, balance of payments, and country risk—and how they reveal a country's economic reality and growth or recession.
Explore the monetary system, including money, foreign currencies, and the international monetary framework, economic cycles, and macroeconomic policy such as monetary, fiscal, exchange rate, and trade policies.
Explore how the monetary system creates, regulates, and distributes money through central banks, fiat money, and monetary policy, shaping money supply, exchange rates, foreign currencies, and international finance.
Understand how economic cycles move from expansion to peak, contraction, and trough, influencing investment timing, employment, production, and the broader impact on stocks, bonds, and corporate earnings.
Explore macroeconomic policy, including monetary, fiscal, exchange rate, and trade policies, to stabilize inflation, spur growth, and reduce unemployment through tax, spending, currency, and trade decisions.
Explore microeconomics, focusing on market equilibrium, imbalance effects, and the interactions of supply and demand, plus monopoly, oligopoly, and game theory highlighted by John Nash's Nobel Prize in economics.
Explore how supply and demand set the equilibrium price and quantity, where the quantity supplied equals the quantity demanded; price adjustments guide markets toward this balance.
Explore how monopolies and oligopolies shape markets, highlighting the single-seller power, imperfect competition, price versus output choices, and regulatory responses.
Explore game theory as a branch of mathematics and economics that analyzes strategic interactions among decision makers, payoffs, and Nash equilibrium, predicting rational choices when actions depend on others.
Explore econometrics as a bridge between economic theory and statistics to make economic projections and test models, using simple and multiple regression in Excel.
Explore cross-sectional, time series, panel, and pooled cross-section data and apply econometric methods such as OLS, logistic, fixed or random effects, autoregressive, and cointegration models.
Explore simple linear regression to predict sales from advertising investment, using Excel scatter plots and trendlines, and interpret the regression equation and R-squared.
Welcome to the course "Economics for Everyone"! If you're aiming to understand the economic forces that shape our world, this course is specially designed for you. Throughout this program, we will guide you from grasping the foundational principles of economics to applying advanced analytical techniques, enriched by insights into macroeconomics, microeconomics, and econometrics.
In Module 1: Basic Economic Concepts, you'll start with a comprehensive introduction to the fundamental ideas that underpin economics. You'll explore supply and demand, learning how markets function and prices are determined. Delving into key economic indicators, you'll understand the significance of the Consumer Price Index (CPI) and Gross Domestic Product (GDP) in measuring economic health. This module also covers essential economic concepts such as inflation, unemployment, and economic growth, providing a solid foundation for the rest of the course.
Module 2: Macroeconomics shifts the focus to the broader economic landscape. You'll study the monetary system, including the role of central banks and the mechanics of money supply. Exploring economic cycles, you'll gain insights into periods of expansion and recession and their impact on economies. This module also delves into macroeconomic policy, examining how governments use fiscal and monetary tools to influence economic outcomes and stabilize markets.
In Module 3: Microeconomics, you'll zoom in on individual markets and the behavior of firms and consumers. You'll analyze market equilibrium and how prices adjust to balance supply and demand. The module covers different market structures like monopoly and oligopoly, exploring how they affect competition and consumer choices. Additionally, you'll be introduced to game theory, learning how strategic interactions among rational decision-makers can influence economic scenarios.
Module 4: Econometrics introduces you to the quantitative methods economists use to test theories and analyze data. You'll learn about various types of databases and data collection techniques crucial for economic analysis. The module covers the simple regression model, teaching you how to examine relationships between two variables. Building on that, you'll explore the multiple regression model, enabling you to analyze more complex relationships and make informed predictions based on real-world data.
By the end of this course, you will have a deep understanding of economic principles and the analytical skills to apply them effectively. Our interactive and practical approach ensures that you can immediately implement what you've learned in both your professional and personal life, empowering you to navigate economic challenges with confidence.
Join us and take the first step towards unlocking the power of economics in your everyday life!