Economics in 60 Minutes - Understand the Fundamentals

Name: Economics in 60 Minutes - Understand the Fundamentals
Rating: 4.7 (19 reviews)

Grasp key economics concepts fast covering supply & demand, inflation, GDP, markets, and government policy in 60 minutes

Created byMayfair Real Estate Institute

Last updated 6/2025

English

What you'll learn

Understand the core principles of supply and demand and how they affect prices in the real world
Explain the basic differences between microeconomics and macroeconomics
Identify the role of incentives, scarcity, and trade-offs in everyday decision-making
Recognize the functions of money, banking, and interest rates in a market economy
Analyze how government policy, taxes, and spending impact economic performance
Understand key concepts like GDP, inflation, and unemployment and what they reveal about an economy

Course content

1 section • 18 lectures • 1h 0m total length

What Is Economics, Really?4:15
Factors of Production & Economic Systems4:49
Demand & Supply in Detail4:18
Opportunity Cost Why Nothing Is Free3:29
Scarcity and Choice3:15
Markets, Competition, and Price Signals2:55
GDP Measuring a Nation’s Economy2:40
Inflation and Deflation1:53
Unemployment and the Labor Market2:59
Fiscal Policy Government Spending & Taxes3:10
Monetary Policy and Central Banks3:15
International Trade Who Gains What2:57
What Is Money Laundering7:31
Exchange Rates and Currency Basics3:14
Economic Cycles Booms and Busts3:08
The Role of Economics in Everyday Life1:58
Behavioral Economics Why People Aren’t Always Rational2:36
Income Inequality and Economic Mobility2:07

Requirements

No prior economics knowledge is required this course is designed for absolute beginners
An interest in learning how economies function and affect your daily life is helpful

Description

In just one hour, gain a solid foundation in economics that will help you better understand the world around you. "Economics in 60 Minutes – Understand the Fundamentals" is your shortcut to grasping the most essential economic concepts without overwhelming detail or technical jargon.

This beginner-friendly course is designed for students, professionals, or simply curious individuals who want a clear and practical introduction to economics. Whether you’re navigating personal finances, following the news, or preparing for business decisions, this course gives you the context and confidence to understand economic forces at play.

You’ll explore major economic themes such as supply and demand, scarcity, opportunity cost, inflation, unemployment, and how governments influence the economy. We'll also demystify GDP, interest rates, and the differences between microeconomics and macroeconomics all through relatable, real-life examples.

By the end of this course, you'll be able to:

Explain the basic mechanics of how economies function.
Identify the effects of government policies on economic performance.
Recognize how economic indicators impact business and personal life.
Engage in smarter conversations about economic topics at work, school, or social settings.

No prior experience is required just curiosity and a willingness to learn. This course is ideal for anyone looking to build economic literacy quickly and efficiently.

Who this course is for:

Students, professionals, or anyone curious about how the economy works and looking for a fast, clear introduction
Aspiring entrepreneurs and decision-makers who want to grasp economic fundamentals for smarter business choices