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Introduction to Economics

Course Reviews

Track :

Business

Lessons no : 37

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What will you learn in this course?
  • Understand fundamental economic principles including supply, demand, and market equilibrium using real-world examples and data analysis
  • Analyze how scarcity, opportunity cost, and resource allocation influence economic decision-making in various industries
  • Evaluate different economic systems such as capitalism, socialism, and mixed economies with their advantages and disadvantages
  • Apply basic economic models to interpret consumer behavior, business strategies, and government policies in diverse economic contexts
  • Identify key economic indicators like GDP, inflation, and unemployment rates to assess national economic health
  • Examine the role of government intervention, taxation, and fiscal policy in shaping economic stability and growth
  • Utilize economic terminology and concepts to interpret news, reports, and research related to global markets and financial systems
  • Develop critical thinking skills to compare economic theories and their practical applications in real-world scenarios

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Lessons | 37
Introduction to Economics
00:06:11

Introduction to Economics
Scarcity Trade offs and Cost Benefit Analysis
00:06:47

Scarcity Trade offs and Cost Benefit Analysis
The Four Factors of Production
00:05:11

The Four Factors of Production
Understanding Transaction and Trade
00:05:17

Understanding Transaction and Trade
Specialization and Division of Labor
00:06:11

Specialization and Division of Labor
Absolute Advantage vs Comparative Advantage
00:07:28

Absolute Advantage vs Comparative Advantage
Supply and Demand
00:07:34

Supply and Demand
Changes in Supply and Demand
00:07:23

Changes in Supply and Demand
Understanding How Prices Work in a Free Market
00:05:02

Understanding How Prices Work in a Free Market
Inflation and Deflation
00:06:39

Inflation and Deflation
Entrepreneurship The Act of Starting a Business
00:06:33

Entrepreneurship The Act of Starting a Business
Corporations and Labor Organizations
00:05:59

Corporations and Labor Organizations
Public Goods and Externalities
00:06:32

Public Goods and Externalities
The Labor Force
00:05:26

The Labor Force
Types of Unemployment Frictional Structural Cyclical and Seasonal
00:06:30

Types of Unemployment Frictional Structural Cyclical and Seasonal
Structuring of Wages and Minimum Wage
00:06:39

Structuring of Wages and Minimum Wage
Types of Assets Financial Tangible and Intangible
00:04:36

Types of Assets Financial Tangible and Intangible
Understanding Wealth Inequality
00:05:22

Understanding Wealth Inequality
Types of Goods and the Four Main Economic Systems
00:08:44

Types of Goods and the Four Main Economic Systems
Why Do People Like Free Markets
00:06:53

Why Do People Like Free Markets
Why Do Countries Turn to Command Economies
00:04:17

Why Do Countries Turn to Command Economies
The Purpose of Mixed Economies
00:05:50

The Purpose of Mixed Economies
How Governments Can Support Economic Growth
00:10:27

How Governments Can Support Economic Growth
How Governments Can Harm Economic Growth
00:08:13

How Governments Can Harm Economic Growth
The Formation and Regulation of Monopolies
00:06:22

The Formation and Regulation of Monopolies
Business Cycles Boom and Bust
00:06:30

Business Cycles Boom and Bust
The Difference Between Fiscal and Monetary Policy
00:07:47

The Difference Between Fiscal and Monetary Policy
Why Do We Have Central Banks
00:05:58

Why Do We Have Central Banks
Federal Spending Debt and Deficits
00:06:27

Federal Spending Debt and Deficits
11 Types of Taxes Sales Income Capital Gains and More
00:13:03

11 Types of Taxes Sales Income Capital Gains and More
Universal Basic Income UBI
00:06:21

Universal Basic Income UBI
Gross Domestic Product GDP
00:07:00

Gross Domestic Product GDP
Free Trade vs Protectionism
00:06:19

Free Trade vs Protectionism
Exchange Rates and Trade
00:05:31

Exchange Rates and Trade
Introduction to Personal Economics The Purpose of Money
00:04:04

Introduction to Personal Economics The Purpose of Money
The Functions of Modern Banks
00:05:42

The Functions of Modern Banks
The Basics of Investing Stocks Bonds Mutual Funds and Types of Interest
00:07:26

The Basics of Investing Stocks Bonds Mutual Funds and Types of Interest


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Introduction to Economics is the social science that studies the production, distribution, and consumption of goods and services within an economy.