Economics is an inherent part of our world. And, with every passing day, economics becomes more and more pivotal to our survival. From the items we buy at the store and our personal banking accounts to the types of industries in which we work and the resources government employs to sustain our communities, we are surrounded by economically-based challenges on a daily basis.
With this course, our goal is to equip you with a working understanding of economics and its myriad of business and personal applications. As such, we have crafted an easy-to-understand course comprised of economic's principle tenets while specifically highlighting such central ideas as: supply and demand, interest rates and inflation.
True, economics can be a complex subject. Yet, it remains highly pertinent to our modern-day lives not to mention a most stimulating topic. From gaining a sense of the forces that drive the economy to understanding how statistical and economics come together to forecast future monetary trends, this course offers a great deal of valuable information for both business and personal purposes.
Knowing how the system operates has a range of benefits from the practical-why we pay taxes to the more lucrative possibilities –tips for investing within the money markets.
Regardless of whether you want to become more familiar with economics so that you can better budget your household expenditures or so that you can became the entrepreneur you have always dreamed, has the fundamentals to guide you without overtaxing your brain.
Course Requirements
This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.
Course Topics
Supply and Demand Model
Introduction: Supply and Demand
Supply and Demand: roles they play
Market Structure: Monopoly and Perfect Competition
Supply and Demand: Schedules
Aggregate Supply and Demand
Summation: Supply and Demand
Supply and Demand Curves and Elasticity
Revisiting: Supply and Demand Curves
Elasticity
Elasticity of Demand
Elasticity of Supply
Graph Charting
Measuring Elasticity
Summation: Supply and Demand—Curves and Elasticity
Marginalism
Introduction: Marginalism
Marginalism: History of Subjectivity and Objectivity
Utility
Laws of Diminishing Marginal Utility
Consumer Demand Theory
Summation: Marginalism
Fiscal Policy and Monetary Policy
Federal Governments Role
Overview: Fiscal and Monetary Policy
Inflation
Focus: Fiscal Policy
Enacting Fiscal Policy
Focus: Monetary Policy
Economic Growth, Stimulus and Stabilization
Overview: Economic Conditions
Altering Economic Down Turns
Government Stimulus Relief
Measuring Impact of Stimulus Relief
Interest Rates I
Overview: Interest Rates
Interest Rates and the Economy
Interest Rates: Determination
Impact of Interest Rates: Impact
Nominal and Real Interest Rates
Interest Rates II.
Role Interest Rates Play in Economy
Correlative Understanding
Interest Rates: Importance
Nation’s Health and the Economy on Interest Rates
Interest Rates Impact on Economy
F Recent Interest and Federal Rate Trends
Outlook: Interest Rates
Inflation"Deflation, Financial Booms and Recessions
History: Inflation
Definition: Inflation
Inflation: Price Indexes
Inflation: Types
Financial Markets and Investing
Introduction: Financial Markets
Overview: Financial Markets
Financial Markets: Types
Financial Markets: Structures
Financial Markets: Investments
Taxation Structures
History: Taxation
Reagonomics: The Reagan Tax Cut
Bush Economics: The Bush Tax Cut
Taxes: Modern Day
Taxes: Types and Levels
Public Finance
Overview: Public Economies
Cost Benefit Analysis (CBA)
CBA: Basic Steps
Separation of Federal, State and Local Public Finance
Expenditure Changes: State and Local Levels
Revenue and Economic Forecasting
Introduction: Revenue Forecasting
Revenue Forecasting: Types
Economic Forecasting: Words from the Chairman of the Fed
Summation: Revenue and Economic Forecasting
Economic Indicators and Statistical"Probability Economics
Overview: Economic Indicators
Economic Indicators: Categories
Economic Indicators: Types
Summation: Economic Indicators
Econometrics: Marriage of Statistics and Economics
Econometrics: Bringing Everything Full Circle
Introduction: Econometrics
History: Econometrics
Haavelmo and the Probability Factor
Econometrics: Branches
Econometrics: Approaches
The Non-Econometrician’s Lament
Economic Books and Additional Resources
Economics: Staying Current
Economics: Media Outlets
Economics: Books
Economics: Organizations
Course Materials
All course material will be provided in the lessons and netlinks. There are no required materials to purchase before taking the class.
Grading Policy
Each lesson will include a lesson review quiz along with an assignment. Students will successfully complete this course with 70% or better.
Learning Outcomes
By successfully completing this course, students will be able to:
Describe the Supply and Demand Model.
Define Supply and Demand Curves and Elasticity.
Define Marginalism.
Describe Fiscal Policy and Monetary Policy.
Summarize Economic Growth, Stimulus and Stabilization.
Describe Interest Rates and their impact on economy.
Summarize Inflation and Deflation and their impact on economy.
Describe Financial Markets and Investing.
Summarize taxation structures.
Describe public finance and its impact on the economy.
Compare and contrast Statistics and Econometrics, and
Demonstrate mastery of lesson content at levels of 70% or higher.
($80.00) The purpose of this course is to equip you with a working understanding of economics and its myriad of business and personal applications. more
($60.00) This course is designed to get you up to speed on the basics of business budgeting and cost cutting. more
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