Online Class: Economics 201

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.

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  • 32
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  • 604
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  • 15
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Course Description

Introduction to Real-world Economics: Bridging the Gap Between Theory and Practicality

Economics is deeply woven into the fabric of our everyday lives. Each day, we navigate decisions influenced by economic principles, from simple choices at the grocery store to complex financial strategies. This interconnectedness has only grown stronger over the years, positioning economics at the heart of our personal, societal, and global dynamics.

Course Overview

Our primary objective in this course is to provide you with a robust understanding of economics, ensuring you're well-equipped to appreciate its broad spectrum of applications. We've meticulously designed this curriculum to demystify the fundamental tenets of economics, introducing you to key concepts such as supply and demand dynamics, the role of interest rates, and the impacts of inflation.

While economics can often seem abstract and intimidating, our approach is grounded in real-world examples. We want to show you how deeply economics is entrenched in your daily life and the greater world. By understanding economic theories, you'll gain insights into the forces propelling our economies, recognize the confluence of statistics and economics in shaping financial forecasts, and leverage this knowledge for both personal and professional advantages.

From comprehending the rationale behind taxes to acquiring investment insights and anticipating market trends, our course presents a wealth of valuable insights.

Detailed Curriculum Outline

  • Lesson 1: Supply and Demand Model - Delve into the foundational concept that drives markets and pricing. Understand the factors that influence these dynamics.

  • Lesson 2: Supply and Demand Curves and Elasticity - Explore how changes in the marketplace can affect product prices and consumer demand.

  • Lesson 3: Marginalism - Unpack the importance of incremental changes and how they can have significant implications for decision-making in business and personal finance.

  • Lesson 4: Fiscal Policy and Monetary Policy - Discover how governments and central banks steer economies towards growth and stability.

  • Lesson 5: Economic Growth, Stimulus, and Stabilization - Examine the tools at the disposal of policymakers to foster economic expansion and mitigate recessions.

  • Lesson 6 & 7: Interest Rates - Dive deep into the world of interest rates, understanding their profound effect on borrowing, lending, and overall economic health.

  • Lesson 8: Inflation and Deflation - Decode the causes and consequences of rising and falling prices and their influence on purchasing power.

  • Lesson 9: Financial Markets and Investing - Navigate the intricacies of the financial world, gaining insights into smart investment strategies.

  • Lesson 10: Taxation Structures - Understand various tax systems, their implementation, and their impact on individuals and businesses.

  • Lesson 11: Public Finance - Explore how governments manage budgets, fund projects, and ensure fiscal responsibility.

  • Lesson 12: Revenue and Economic Forecasting - Learn the art and science of predicting future economic trends based on current data.

  • Lesson 13: Economic Indicators and Statistical or Probability Economics - Familiarize yourself with the key indicators that economists use to gauge the health of an economy.

  • Lesson 14: Marriage of Statistics and Econometrics - Understand the synergy between statistical techniques and economic data in making informed predictions.

  • Lesson 15: Economic Books and Additional Resources - Delve into seminal works that have shaped the field of economics and discover resources to continue your economic journey.

  • Lesson 16: Final Thoughts - Reflect on the learnings from the course and how you can apply these insights in real-world scenarios.

Why Enroll?

If you've ever wondered about the intricacies of our economic systems or aimed to make more informed financial decisions, this course offers an invaluable foundation. We believe in empowering our students with knowledge that translates to real-life advantages, making you more informed citizens, professionals, and decision-makers. Join us on this enlightening journey into the world of economics.

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

Course Lessons

Average Lesson Rating:
4.4 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(701 votes)

Lesson 1: Supply and Demand Model

Supply and demand is at the very core of the description of economics and contributes to several different types of the study. 13 Total Points
  • Lesson 1 Video
  • Lesson discussions: Reasons for Taking this Course
  • Complete: Lesson 1 Assignment
  • Assessment: Lesson 1 Quiz

Lesson 2: Supply and Demand Curves and Elasticity

By themselves, individual supply and demand figures may not prove terribly useful. Supply and demand figures can be quite valuable for businesses with respect to strategic planning and reallocation activities. 17 Total Points
  • Lesson 2 Video
  • Complete: Lesson 2 Assignment
  • Assessment: Lesson 2 Quiz

Lesson 3: Marginalism

In its totality, marginalism purports to study the subjective theory of value and the objective theory of money. 21 Total Points
  • Lesson 3 Video
  • Complete: Lesson 3 Assignment
  • Assessment: Lesson 3 Quiz

Lesson 4: Fiscal Policy and Monetary Policy

The Federal government is charged with the duty of regulating the economy and safeguarding its stability. 14 Total Points
  • Lesson 4 Video
  • Lesson discussions: Nobels To You!
  • Complete: Lesson 4 Assignment
  • Assessment: Lesson 4 Quiz

Lesson 5: Economic Growth, Stimulus and Stabilization

When infiltrating new markets, companies are likely to encounter many barriers and constraints. They make efforts to maximize profits, discover ways to lower costs and find acceptable shortcuts. 24 Total Points
  • Lesson 5 Video
  • Lesson discussions: Just For Fun
  • Complete: Lesson 5 Assignment
  • Assessment: Lesson 5 Quiz

Lesson 6: Interest Rates - Part One

This lesson will provide a general overview of interest rates and how fluctuations within the economy affect market conditions and consumer spending. 23 Total Points
  • Lesson 6 Video
  • Complete: Lesson 6 Assignment
  • Assessment: Lesson 6 Quiz

Lesson 7: Interest Rates- Part Two

Now, we will delve into the specifics of how interest rates are used within our present day economy. 12 Total Points
  • Lesson 7 Video
  • Complete: Lesson 7 Assignment
  • Assessment: Lesson 7 Quiz

Lesson 8: Inflation and Deflation

Inflation is the increase in the general price level over time. The opposite is deflation--a downward movement in the average level of prices. 24 Total Points
  • Lesson 8 Video
  • Complete: Lesson 8 Assignment
  • Assessment: Lesson 8 Quiz

Lesson 9: Financial Markets and Investing

Within the world of economics, a financial market is a forum through which people can buy and sell financial securities and commodities. 29 Total Points
  • Lesson 9 Video
  • Complete: Lesson 9 Assignment
  • Assessment: Lesson 9 Quiz

Lesson 10: Taxation Structures

In order to keep the country running, we are required to pay taxes. This lesson will explain the many different types of tax structures. 24 Total Points
  • Lesson 10 Video
  • Complete: Lesson 10 Assignment
  • Assessment: Lesson 10 Quiz

Lesson 11: Public Finance

How the government allocates funds and makes decisions based upon current economic climate and enacts policies to help improve the economy. 18 Total Points
  • Lesson 11 Video
  • Complete: Lesson 11 Assignment
  • Assessment: Lesson 11 Quiz

Lesson 12: Revenue and Economic Forecasting

"Economic forecasting is an art, not a science. Economic outcomes are often influenced by unanticipated events, and data may be inadequate." ~ Paula R. De Masi, IMF's Research Department 23 Total Points
  • Lesson 12 Video
  • Complete: Lesson 12 Assignment
  • Assessment: Lesson 12 Quiz

Lesson 13: Economic Indicators and Statistical or Probability Economics

"Economic Indicators show storm clouds on the horizon" ~ CBS News 14 Total Points
  • Lesson 13 Video
  • Complete: Lesson 13 Assignment
  • Assessment: Lesson 13 Quiz

Lesson 14: Marriage of Statistics and Econometrics

Experts from within the economic field have generated an infinite trail of numbers. They organized, analyzed, and now subsequently rely upon them as the basis for making pivotal decisions. 15 Total Points
  • Lesson 14 Video
  • Complete: Lesson 14 Assignment
  • Assessment: Lesson 14 Quiz

Lesson 15: Economic Books and Additional Resources

Due to the complexity of the topic of economics, and the seismic impact economics has on daily life, we present a wide variety of economic resources here. 15 Total Points
  • Lesson 15 Video
  • Complete: Lesson 15 Assignment
  • Assessment: Lesson 15 Quiz

Lesson 16: Final Thoughts

Upon reaching the end of our Economics Made Easy course, we earnestly hope you have learned a great deal of useful, applicable information about economics! 585 Total Points
  • Lesson 16 Video
  • Lesson discussions: What Did I Learn?; Program Evaluation Follow-up Survey (End of Course); Course Comments
  • Complete: Lesson 16 Assignment
  • Assessment: Economics - Final Exam
Total Course Points

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.
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
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Document Your CEUs on Your Resume
Course Title: Economics 201
Course Number: 7550316
Lessons Rating: 4.4 / 5 Stars (701 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: This course is online and available in all 50 states including: California, Florida, Georgia, Illinois, New York, Pennsylvania, Ohio, Texas, and Washington.
Last Updated: February 2024
Course Type: Self-Paced, Online Class
CEU Value: 1.5 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
Syllabus: View Syllabus
Course Fee: $120.00 U.S. dollars

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Student Testimonials

  • "Thank you very much for all your answers to my emails. Through this course I can see you are very well prepared instructor. Congrats for the course." -- Mercedes P.

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