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Social Science : Economics | Introduction To Microeconomics: Fundamentals Of Economics

Economics, Beginner Economics Courses, Online A Level Economics Course,


Simpliv LLC

Summary

Price
Save 80%
£10 inc VAT (was £50)
Offer ends 31 December 2022
Study method
Online, self-paced
Duration
7 hours
Access to content
Lifetime access
Qualification
No formal qualification
Additional info
  • Tutor is available to students
  • Certificate of completion available and is included in the price

17 students purchased this course

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Overview

What will you learn
After completing this course, you should:

Know how demand and supply influence markets
Be able to evaluate the success of governmental policies
Understand how industries react to different economic events
Recognize collusion, price discrimination, and externalities when you see them
Be better prepared for your Economics classes

Course Curriculum
Demand and Supply
Government Intervention
Elasticities
Theory of the Firm
Maximisation Strategies

Description

Description
This course provides main concepts and exercises for demand and supply, consumer behavior, production theory, market structures and market failures. Analysis is mainly done graphically but you should be able to solve algebraic equations.

See The World Through The Eyes Of An Economist, Learn Microeconomics with me!

After completing this course, you should:

Know how demand and supply influence markets
Be able to evaluate the success of governmental policies
Understand how industries react to different economic events
Recognize collusion, price discrimination, and externalizes when you see them
Be better prepared for your Economics classes
Microeconomics theory focuses on understanding the behavior of individual agents under scarcity

In this course, you will see the theory behind demand and supply, government intervention, elasticity, the theory of the firm, and maximization strategies. Economics can seem very complicated and confusing at times. I will help you understand various events happening all around you!

Understanding the economy can help you in your personal and professional life. Whether you want to start your own company, work for someone else, or just make good financial decisions, Economics can help you.

Content and Overview

This course aims at helping high school and university students learn Economics, but anyone is welcome to follow along. You will find material that covers most IB and A-level program, as well as Microeconomics courses at the university level for minors and majors.

This course offers 32 classes, 32 exercise videos, and more than six hours of content. The first section slowly introduces key concepts to make sure you have all the tools you need. We then see more complicated models that describe the real-world in greater detail.

You will be able to see how market decisions are made and when they are beneficial or detrimental to society. You will also see why governments intervene in markets and when their policies have positive or negative impacts on the economy.

Many years of teaching introductory courses have led me to develop an intuitive approach that works well for students that have not been introduced to Economics before. However, if you already feel comfortable with the basic concepts of Economics, you can skip to the concepts you need most help with. Don't hesitate to revisit any of the classes to refresh your memory if you feel uncertain about a definition or a concept.

You will also find exercises to help you practice for your exams. Each class has an additional video that shows different types of problems you may be asked to solve. Every exercise video ends with an exam-type question you can try to solve before being shown the answer.

Welcome to the wonderful world of Economics!

Basic knowledge
Analysis is mainly done graphically but you should be able to solve algebraic equations

Who is this course for?

Autonomous Learners, High School Students (IB and A level), University Students

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.