Class Syllabus: Economics: Complete Edition
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Continuous
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Course Description
The purpose of this course 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.
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.
The average individual knows very little about economics and tends to believe whatever was seen or heard on television. However, we all contribute and are impacted by economic factors and need a basic understanding of how this works as economics becomes more and more pivotal to our survival.
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. This complete course will discuss these topics:
- Definition, History and Various Forms of Economics
- Schools of Thought
- Ten Major Principles of Economics
- World Economic Systems and Comparative Economics
- Components in Societal Economy
- Basic Tenets of the U.S. Economic System
- Global Economies: Ranking National Economies
- Micro and Macro: Styles of Economics
- Federal Reserve System: aka 'The Fed'
- Managerial Economics
- Gross National Product (GNP) and Gross Domestic Product (GDP)
- Supply and Demand Model
- Supply and Demand Curves and Elasticity
- Marginalism
- Fiscal Policy and Monetary Policy
- Economic Growth, Stimulus and Stabilization
- Interest Rates - Part One
- Interest Rates- Part Two
- Inflation and Deflation
- Financial Markets and Investing
- Taxation Structures
- Public Finance
- Revenue and Economic Forecasting
- Economic Indicators and Statistical/Probability Economics
- Marriage of Statistics and Econometrics
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, this complete economics course 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
"font-family: ">Lesson I: Definition, History and Various Forms of Economics
"font-family: ">Lesson 2: Schools of Thought
"font-family: ">Lesson 3: Ten Major Principles of Economics
"font-family: ">Lesson 4: World Economic Systems and Comparative Economics
"font-family: ">Lesson 5: Components in Societal Economy
"font-family: ">Lesson 6: Basic Tenets of the U.S. Economic System
"font-family: ">Lesson 7: Global Economies: Ranking National Economies
"font-family: ">Lesson 8: Micro and Macro: Styles of Economics
"font-family: ">Lesson 9: Federal Reserve System: aka 'The Fed'
"font-family: ">Lesson 10: Managerial Economics
"font-family: ">Lesson 11: Gross National Product (GNP) and Gross Domestic Product (GDP)
"font-family: ">Lesson 12: Supply and Demand Model
"font-family: ">Lesson 13: Supply and Demand Curves and Elasticity
"font-family: ">Lesson 14: Marginalism
"font-family: ">Lesson 15: Fiscal Policy and Monetary Policy
"font-family: ">Lesson 16: Economic Growth, Stimulus and Stabilization
"font-family: ">Lesson 17: Interest Rates - Part One
"font-family: ">Lesson 18: Interest Rates- Part Two
"font-family: ">Lesson 19: Inflation and Deflation
"font-family: ">Lesson 20: Financial Markets and Investing
"font-family: ">Lesson 21: Taxation Structures
"font-family: ">Lesson 22: Public Finance
"font-family: ">Lesson 23: Revenue and Economic Forecasting
"font-family: ">Lesson 24: Economic Indicators and Statistical/Probability Economics
"font-family: ">Lesson 25: Marriage of Statistics and Econometrics
"font-family: ">Lesson 26: Economic Books and Resources
"font-family: ">Lesson 27: Final Thoughts
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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:
- Define economics.
- Summarize the history of economics.
- Describe the ten major principles of economics.
- Describe the components in Societal Economy.
- Summarize Global Economies.
- Compare and contrast Micro and Macro Economics.
- Describe the Federal Reserve System.
- Define the Gross National Product (GNP) and Gross Domestic Product (GDP).
- 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.
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