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Introduction to Economics
1 students

Introduction to Economics

A common sense course to make sense of personal and societal finances!
Created byMel Bee
Last updated 8/2022
English
English [Auto],

What you'll learn

  • Learners will be introduced to Economic concepts in current American society.
  • Learners will get a brief history of banking in America as well as overview of how scarcity, unemployment, poverty, and other factors effect our economy
  • Learners will understand how supply and demand function in a market economy
  • Learners will be introduced to personal economic tools such as credit, loans, credit scores

Course content

5 sections • 6 lectures • 1h 15m total length

  • Introduction10:47

    Explore economics as the study of how societies allocate resources across four economies. Understand scarcity, time as a resource, the factors of production, supply and demand, and business organization.

  • Introduction to Economics

Requirements

  • None

Description

This introduction to Economics course will help you understand how your personal finances work in the greater overview of the nation. By understanding the way the United States banking has developed and changed we can understand individual banking and finance. Understanding the way businesses work and the forces of supply and demand help us as consumers and members of a mixed economy.


The benefits of a foundational study of Economics go beyond our wallets and spending, we can understand how time is our most valuable resource and we choose how to allocate it based on our needs and wants as well as the needs and wants of others. To truly understand Economics we have to consider that every decision we make is an economic decision.


This course includes the following topics:

Definition

Types of Economies

Factors of Production

Scarcity

Types of Businesses

Pros/Cons of Different Businesses

Law of Supply and how it effects markets

Law of Demand and how it effects consumers

History of Banking

Economic Cycles

Personal Finance

Loans and Credit


This course will help you not just think economically but help you apply economic principles to your everyday life so that you can allocate your personal resources with the most care.

So let’s go, economists, we’ve got some work to do!

Who this course is for:

  • Anyone looking to gain base knowledge of American Economocs

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