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Online Class: Economics 101

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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 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.

  • Completely Online
  • Self-Paced
  • Instructor Feedback
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider

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Course Lessons

Average Lesson Rating: (869 votes)
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Lesson 1: 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. 48 Total Points
  • Lesson 1 Video
  • Review 2 Articles: Economics Basics; Introduction to Economics
  • Take Poll: Study of Economics
  • Complete: Lesson 1, Assignment 1
  • Complete: Lesson I Quiz

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. 39 Total Points
  • Lesson 2 Video
  • Review Article: Artistotle and Economics
  • Take Poll: Impact!
  • Complete: Lesson 2, Assignment 1
  • Complete: Lesson 2 Quiz

Lesson 3: Ten Major Principles of Economics

Mankiw's 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. 38 Total Points
  • Lesson 3 Video
  • Review 2 Articles: Economic Humor; Principles of Economics
  • Complete: Lesson 3, Assignment 1
  • Complete: Lesson 3 Quiz

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. 49 Total Points
  • Lesson 4 Video
  • Review 2 Articles: The Global Economy; U.S. Department of Labor
  • Complete: Lesson 4, Assignment 1
  • Complete: Lesson 4 Quiz

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. 27 Total Points
  • Lesson 5 Video
  • Review 2 Articles: GNI; How Class Works
  • Complete: Lesson 5, Assignment 1
  • Complete: Lesson 5 Quiz

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. 29 Total Points
  • Lesson 6 Video
  • Review 2 Articles: The U.S. Department of the Treasury; The U.S. Economic System
  • Complete: Lesson 6, Assignment 1
  • Complete: Lesson 6 Quiz

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. 48 Total Points
  • Lesson 7 Video
  • Review 2 Articles: Economic Spectrums; GDP Basics
  • Complete: Lesson 7, Assignment 1
  • Complete: Lesson 7 Quiz

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. 28 Total Points
  • Lesson 8 Video
  • Review Article: What is Microeconomics?
  • Complete: Lesson 8, Assignment 1
  • Complete: Lesson 8 Quiz

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. 40 Total Points
  • Lesson 9 Video
  • Review 2 Articles: The Federal Reserve Board; U.S. Monetary Policy
  • Take Poll: Money, Money, Money
  • Complete: Lesson 9, Assignment 1
  • Complete: Lesson 9 Quiz

Lesson 10: Managerial Economics

As a category, economic activities occurring within corporate structures are known either as managerial economics or business economics. 27 Total Points
  • Lesson 10 Video
  • Review 2 Articles: Explaining Market Structures; The Nature and Scope of Managerial Economics
  • Complete: Lesson 10, Assignment 1
  • Complete: Lesson 10 Quiz

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, and to contribute to the planning and strategy sessions conducted by corporate executives. 498 Total Points
  • Lesson 11 Video
  • Review Article: GNP per Capita
  • Take Poll: How would you rate this course?
  • Take Survey: Program Evaluation Follow-up Survey (End of Course)
  • Complete: Lesson 11, Assignment 1
  • Complete: Lesson 11 Quiz
  • Complete: The Final Exam
Total Course Points

Additional Course Information

Online CEU Certificate
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Course Title: Economics 101
Course Number: 7550314
Languages: English - United States, Canada and other English speaking countries
Course Type: General Education
CEU Value: 1.7 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Instructor: Dr. Metodija Stojanovski
Syllabus: View Syllabus
Duration: Continuous: Enroll anytime!
Course Fee: $70.00 (no CEU Certification) || with CEU Certification: $95.00

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Learning Outcomes

By successfully completing this course, students will be able to:
  • Define economics.
  • Know the history of economics.
  • Describe the ten major principles of economics.
  • Describe the components in Societal Economy.
  • Know 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), and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Student Testimonials

  • "All of the lessons were extremely helpful...I have enjoyed the whole ides of being able to take these courses from my home." -- Manuel H G.
  • "Great overview of economics. I learned a lot. What an amazing instructor. His classes are well written and teach a lot and he grades fast." -- Sarah K.
  • "A very good course indeed. The instructor is an expert who is kind enough to make the course easier to learn. Thank you.. For me, all parts are equally helpful. I consider each topic as integral part to the whole course." -- Geraldito G.
  • "Concise and efficient! Cordial and excellent arrangement of subject matter to build learning from simple to complex ideas. Enjoyed taking his courses. Would have like to be a student of his in a real life class. The videos were excellent focus material!" -- Yolanda R.
  • "Everything was helpful. Instructor was great! Thanks!" -- Marcus M.
  • "I enjoyed the course and the ability to go at my own pace. I particularly liked the recommended links and the reference to the self teaching guide. I thought these were very helpful and an added benefit." -- Pamela R.

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