Basics of Economics (College Level)

Learn basics of economics useful for real life application
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  • Lectures 20
  • Length 1.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 1/2015 English

Course Description

Welcome to course on "Economics for Accounting and Finance Professionals"

Finance, Accountancy and Economics are three different business subjects but with inter dependence, similarities and of course distinct differences.

If one has to excel in any of the above one domain (Finance / Accountancy / Economics) he should have strong understanding of main domain and basic understanding of other two domains.

Hence, this course will provide basic knowledge on Economics for Finance and Accounting Professionals.

So, what is Economics is all about?

Its about making choices.

Its not just about money.

It is about weighing different choices or alternatives.

So, there are variety of modern definitions for economics. Some of the differences may reflect evolving views of the subject or different views among economists

By studying Economics, you will understand two fundamental facts;

a) Human beings have unlimited wants; and

b) The means of satisfying these wants are relatively scarce

and the above form the subject matter.

By taking this course, you will learn

i) What is Economics

ii) Definition and Scope of Economics

iii) Nature of Economics

iv) Methods of Study of Economics

v) Economic Problems

vi) Theory of Demand

vii) Law of Demand

viii) Expansion and Contraction of Demand

ix) Demand Curve

x) Elasticity of Demand

Based on students engagement level, further courses will be added on the topics like

Theory of Production and Cost, Price Determination in Different Markets, etc.

This course is structured in self paced learning style.

You will experience virtual class room with black / green board writing and lectures with supporting lectures.

Take this course to understand the basics of Economics.

What are the requirements?

  • This course starts from fundamentals
  • No prior knowledge is required

What am I going to get from this course?

  • Understand What is Economics
  • Understand Difference between Micro Economics and Macro Economics
  • Understand Theory of Demand

Who is the target audience?

  • Finance and Accounting Professionals
  • CA / CS / CMA / B.Com., /M.Com Students

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction to Economics
Wealth and Welfare Definition of Economics
Economics Scarcity Definition
Economics Growth Definition
Section 2: Economics Classification
Micro Economics
Macro Economics
Section 3: Economic Analysis and Laws
Methods of Economic Analysis
Economic Laws
Human Wants
Charecteristics of Wants Part I
Charecteristics of Want Part II
Classification of Wants
Significance of Classification of Want
Utility - Total Utility and Marginal Utility
Law of Diminishing Marginal Utility
Importance of Law of DMU
Criticism of Law of DMU
Law of Equi Marginal Utility
20 Limitations of Law of EMU
Bonus Lecture - Discount Coupon Links for other Courses
8 pages

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Instructor Biography

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

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