This Economics Fundamentals Level 2 course consists of six structured lectures, followed by an assessment, covering both microeconomic and macroeconomic principles.
Lecture 1: Market Structures
Learners are introduced to different types of market structures, including perfect competition, monopoly, monopolistic competition, and oligopoly. The lecture examines how market power influences pricing and output decisions.
Lecture 2: Pricing Strategies
This lecture explores common pricing strategies used by firms, including price discrimination, bundling and tying, predatory pricing, and dynamic pricing, with a focus on market behaviour and competition.
Lecture 3: International Trade
Learners examine the benefits and costs of international trade, comparative advantage, protectionism, and the role of exchange rates in influencing trade patterns.
Lecture 4: Monetary Policy
This lecture introduces monetary policy, the role of central banks, key policy tools, and how monetary policy affects inflation and the business cycle.
Lecture 5: Fiscal Policy
Learners explore fiscal policy, government intervention in the economy, fiscal tools, and the relationship between fiscal policy, economic cycles, and long-term growth.
Lecture 6: Economic Growth and Development
This lecture examines the determinants of economic growth, the role of institutions, human capital, technology, and the relationship between inequality and economic development.
Assessment
Learners complete a final assessment to demonstrate their understanding of key economic concepts covered in the course.
Certification
Upon successful completion of the Economics Fundamentals Level 2 course, learners receive a free digital course completion certificate. A provider-issued certificate is available following verification, with optional premium certificates and academic transcripts available separately.
