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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 byeconomic 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.
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.
Optional Certificates Awarded
Certificate of Merit
Certificate of Academic Excellence
In addition to the standard Certificate of Course Completion, Merit Awards may be issued by the instructor at his/her own discretion and are based on student achievement. Merit awards also incur an additional $30.00 processing fee that covers the customization, printing, and delivery of the award, as well as access to the UniversalClass™ Portfolio Service that documents your achievements online. Official Merit Awards have a serial number that verifies the authenticity of the award (great for employers to verify your achievement).
This is a non-credit course, and is provided for your personal enrichment.
This course is not intended to be a substitute for any state, government, licensing, or educational requirements.
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