Economics is for Everyone
I believe economics courses should target as broad an audience as possible. This is because economics is all around us. Our everyday lives are affected by economics. People even apply economic theory without even realising it. In fact, I believe economics courses should begin with real life examples of how we use economics in our daily lives.
This course will begin by taking you on a quick journey of a hypothetical day. The course will point out where economics is at work and where theory is being applied to make decisions. The discovery part of economics will occur during the first 5 to 6 units of this course.
The next area to be covered will be the theory. Many courses are highly theoretical. This course will focus on the theory, which I believe, is most applicable to most people. The observed use of economics will be revisited in light of what has been covered in the first part of the theory section. The theory section will continue by further shedding light on theory, which is applicable to us. The latter part of the theory section is important for us to understand the broader application of economics.
The remainder of the course will be focused on the application of economics. We will now be armed with a good theoretical background to help explain why certain decisions are made in the world. This part of the course is divided into three sections. The first section focuses on the application and the logic of that application. The second section focuses on the misuse and abuse of economics. The third section discusses how we can use our knowledge of economics to improve our lives and the lives of those around us.
The course will also contain short assessments at the end of each unit (starting from Unit 3). These assessments will contain several multiple-choice questions to help you gauge your understanding of the content. The final unit will discuss the final assessment. The final assessment will contain scenario questions. These types of question put you into particular scenarios where you will be required to use the knowledge you have gained from the course to address the questions.
- Anyone who wishes to learn more about economics.
- Anyone who wants to learn more about the relevance of economics to the real world.
- Anyone who is preparing for formal qualifications in economics.
- Course Introduction09:08
- Course Work and Assessment04:50
- Economics is Everywhere05:05
- Economics is Everywhere MCQ3 questions
- Self-application MCQ3 questions
- Observed Application04:36
- Observed Application MCQ3 questions
- World Application10:16
- World Application MCQ3 questions
- Key Theories09:06
- Key Theories MCQ3 questions
- Utility MCQ3 questions
- Production MCQ3 questions
- Demand and Supply10:38
- Demand and Supply MCQ3 questions
- Market Structures16:33
- Market Structures MCQ3 questions
- Revisit Application10:55
- Revisit Application MCQ3 questions
- Microeconomics vs. Macroeconomics06:17
- Microeconomics vs. Macroeconomics MCQ3 questions
- Microeconomics Concepts11:57
- Microeconomics Concepts MCQ4 questions
- Macroeconomics Concepts 110:08
- Macroeconomics Concepts 1 MCQ3 questions
- Macroeconomics Concepts 212:18
- Macroeconomics Concepts 2 MCQ3 questions
- Money MCQ3 questions
- Real World Application09:48
- Real World Application MCQ3 questions
- Dark Side of Economics 110:08
- Dark Side of Economics 1 MCQ3 questions
- Dark Side of Economics 211:35
- Dark Side of Economics 2 MCQ3 questions
- Basic Economic Modelling10:50
- Basic Economic Modelling MCQ3 questions
- Make Life Better 105:29
- Make Life Better 1 MCQ3 questions
- Make Life Better 206:27
- Make Life Better 2 MCQ3 questions
- Final Assessment14:10
Wayne Davies has worked as a professional economist for over eleven years. Wayne’s areas of expertise relate to welfare economics, transport economics and cost benefit analysis.
Wayne has authored numerous peer-reviewed papers and presented his findings at conferences and forums. These include the ARRB Conference, Australasian Transport Research Forum and the European Transport Conference. Wayne developed the Social Impact Evaluation approach currently being used by Building Queensland.
Wayne also has his own economics blog. His posts focus on many aspects of economics ranging from introductory topics such as demand and supply to the application of economics to the real world.