- Areas of Study -

Online Class: Economics 101

Enroll today! This is a self-paced, online course. You have 6 months to finish. An instructor will monitor your progress and assess your body of work at course completion. UniversalClass™ offers many wonderful learning tools to help you get the most out of your online course, including an online portfolio service that manages all your course completions. This class has been officially reviewed by our Course Review Committee that scrutinizes course content and instructor participation. This course has received our Committee's highest rating: 4 stars.

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1.0 CEUs

Course Description

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.

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 principle tenets while specifically highlighting such central ideas as:.

· 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)

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.

This course offers 1.0 CEUs upon successful completion. You may take this online course with or without CEU documentation. An online and hard-copy Certificate of Course Completion displaying your coursework and CEUs earned is included with the CEU Option. We also offer an expedited Transcript Service for sending your accomplishments to a third party.

Course Lessons

Lesson I: Definition, History and Various Forms of Economics - The purpose in studying economics leads to the formulation of principles. The following societal elements: history, politics, and the social sciences, cannot be fully grasped without first coming to some basic understanding of economic principles.
Lesson 2: Schools of Thought - Since its infancy, the complex study of economics has attracted more than its fair share of viewpoints and opinion makers.
Lesson 3: Ten Major Principles of Economics - Gregory Mankiw's primary objective with his work, "Principles of Economics" was to present readers with a basic framework of how economics works and fundamental structures for analyzing economic systems presently in place.
Lesson 4: World Economic Systems and Comparative Economics - This lesson will focus on different types of economic systems that exist throughout the world; the degree to which they effectively serve their respective environments and the ways in which they complement or clash with one another.
Lesson 5: Components in Societal Economy - One of the purposes behind the science of economics is to present a structure by which a society's economy may be compared or contrasted against those of other societies.
Lesson 6: Basic Tenets of the U.S. Economic System - The strengths of the U.S. economic system depends on natural resources, labor, and capital.
Lesson 7: Global Economies: Ranking National Economies - While the U.S. was formerly viewed to be the sole super economic power, over the past decade, it has declined in many financial and economic areas.
Lesson 8: Micro and Macro: Styles of Economics - Interweaving many of the previously discussed elements relating to economics, the concepts of macroeconomics and microeconomics are useful tools for comparing and contrasting economic activity among world nations.
Lesson 9: Federal Reserve System: aka "The Fed" - By order of Congress, the Federal Reserve System was introduced as part of the Federal Reserve Act of 1913.
Lesson 10: Managerial Economics - As a category, economic activities occurring within corporate structures are known either as managerial economics or business economics.
Lesson 11: Gross National Product (GNP) and Gross Domestic Product (GDP) - Both GNP and GDP are used to facilitate the economic policy making process performed by government, to contribute to the planning and strategy sessions conducted by corporate executives.

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Optional Certificates Awarded

Certificate of Merit
Certificate of Academic Excellence

Certificates awarded by the instructor will vary and are based upon student merit. Any awards you earn are considered unofficial (or temporary) unless you decide to make the award official. To make an award official, there is a $30.00 processing fee that covers the customization, printing, and shipping of a hard copy of the certificate as well as access to the UniversalClass™ Transcript Service. Official awards include a serial number that verifies the authenticity of the award you earned for a lifetime (great for employers to verify your achievement).

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Document your coursework with a Certificate of Course Completion. Pre-pay now for the Certificate Option and receive a $5.00 discount off the regular certificate price (normally $30.00). Includes both an online version and a hard-copy of your certificate, verified and tracked by a unique serial number.

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