
Introduction to Economics and introduction to our course
Review of the Law of Demand
Review of the Law of Supply
Review of the Equilibrium Price, Surplus and Shortage
Review of Price Elasticity
Indifference Curve Explanation and Examples
Budget Line with Indifference Curves
Overview of the Costs of Production
Market Models overview and overview of Pure Competition
Market Models - Monopolistic Competition
Market Models - Overview of Oligopoly
Overview of Game Theory
Review Gross Domestic Product (GDP)
Review the Business Cycle from Expansion to Recession to Expansion again.
Review concepts of Inflation (rate of price increases) and Interest Rates (rate for borrowing/lending money)
This Economics overview provides an Introduction to Economics. This course can help with your Introduction to Economics courses and help you learn the basics of Economics. We provide an overview of Microeconomics and Macroeconomics. This overview of Economics can also be helpful for business and government leaders who wish to learn the basics of Economics.
We try to provide real world examples throughout the course to help you understand Economic concepts. We also try to provide relatable examples that help connect and understand the concepts that we are reviewing in Economics. We have experience in tutoring Economics and working as a Business Consultant.
The Microeconomics section of the course covers: Supply and Demand, Price Elasticity of Demand, Budget Lines and Indifference Curves, Costs of Production and Market Models. We also cover Trade and include Trade in the Macroeconomics section of the course.
The Macroeconomics section of the course covers: GDP and Economic Output, the Business Cycle, Inflation and Interest Rates, Fiscal Policy, Monetary Policy, Trade, and Definition of Money.
We work through graphical examples to help you understand the concepts in each section and try to make concepts as simple as possible.
We start with Microeconomics and the Law of Supply and Demand to provide you with a foundation in Economics.