Economic Decision-Making: Theory and Applications

Have you ever wondered how the world economy works? How are prices determined? What causes inflation? What are the different types of economic systems?

If you're interested in learning about these and other economic concepts, then the Economics Course is for you. In this course, you'll learn about the fundamental principles of economics, including supply and demand, market failure, and economic growth and much more!

Learning outcomes:

At the end of this economics course, you will be able to

• Understand the fundamental principles of Economics and its relevance in society.
• Analyse the market system, supply, demand, and price mechanisms.
• Examine market failures and the role of government intervention.
• Explore concepts of production, costs, and different market structures.
• Evaluate macroeconomic indicators such as GDP, unemployment, inflation, and fiscal policy.

Welcome to the captivating world of Economics, where you will unravel the mysteries of how societies allocate resources to satisfy unlimited wants and needs. This economics course provides an in-depth exploration of key economic concepts and their applications.

Begin with an introduction to Economics, understanding its fundamental principles and the role it plays in shaping individual choices and societal outcomes. Dive into the market system and the circular flow model, examining how goods, services, and resources are exchanged.

Explore the forces of supply, demand, and prices, unravelling the mechanisms that determine market equilibrium. Learn about elasticity and its impact on consumer behaviour and producer decision-making.

Delve into market failures, understanding when and why markets may fail to allocate resources efficiently. Examine production and cost concepts, analysing how businesses optimise their operations.

Investigate different market structures, comparing the characteristics of perfect competition and monopoly. Explore the complexities of money, banking, and the financial system, gaining insights into their influence on economic activity.

Measure GDP and evaluate economic growth, analyse unemployment and its implications for society, and explore the factors contributing to inflation. Investigate income distribution and poverty, examining the challenges and policy interventions aimed at reducing inequality.

Finally, dive into the realm of international finance, understanding the intricacies of global economic interactions. Explore fiscal policy and its role in stabilising economies and promoting growth.

By the end of this course, you will possess a solid understanding of key economic concepts and their applications, enabling you to analyse and interpret economic phenomena in the real world.

Enrol now and unlock the world of Economics, where you can navigate the complexities of markets, policy, and wealth creation.

• Students studying Economics, Business, or related disciplines.
• Professionals seeking to enhance their economic literacy and decision-making skills.
• Individuals interested in understanding the principles that shape economic systems.
• Policy-makers and government officials involved in economic decision-making.

• Economist: £30,000 - £70,000 per year
• Financial Analyst: £30,000 - £60,000 per year
• Market Research Analyst: £25,000 - £45,000 per year
• Policy Analyst: £25,000 - £50,000 per year

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Certificate of completion - Digital certificate

Digital certificate - Included

Certificate of completion - Hard copy certificate

Hard copy certificate - £9.99