Online Class: Economics 201

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Course Description


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.

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's principle tenets while specifically highlighting such central ideas as: supply and demand, interest rates and inflation.

True, economics can be a complex subject. Yet, it remains highly pertinent to our modern-day lives not to mention a most stimulating topic. From gaining a sense of the forces that drive the economy to understanding how statistical and economics come together to forecast future monetary trends, this course offers a great deal of valuable information for both business and personal purposes.

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.

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 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


 Supply and Demand Model

  1. Introduction: Supply and Demand
  2. Supply and Demand: roles they play
  3. Market Structure: Monopoly and Perfect Competition
  4. Supply and Demand: Schedules
  5. Aggregate Supply and Demand
  6. Summation: Supply and Demand


Supply and Demand Curves and Elasticity

  1. Revisiting: Supply and Demand Curves
  2. Elasticity
  3. Elasticity of Demand
  4. Elasticity of Supply
  5. Graph Charting
  6. Measuring Elasticity
  7. Summation: Supply and Demand—Curves and Elasticity



  1. Introduction: Marginalism
  2. Marginalism: History of Subjectivity and Objectivity
  3. Utility
  4. Laws of Diminishing Marginal Utility
  5. Consumer Demand Theory
  6. Summation: Marginalism


Fiscal Policy and Monetary Policy

  1. Federal Governments Role
  2. Overview: Fiscal and Monetary Policy
  3. Inflation
  4. Focus: Fiscal Policy
  5. Enacting Fiscal Policy
  6. Focus: Monetary Policy

Economic Growth, Stimulus and Stabilization

  1. Overview: Economic Conditions
  2. Altering Economic Down Turns
  3. Government Stimulus Relief
  4. Measuring Impact of Stimulus Relief


Interest Rates I

  1. Overview: Interest Rates
  2. Interest Rates and the Economy
  3. Interest Rates: Determination
  4. Impact of Interest Rates: Impact
  5. Nominal and Real Interest Rates


Interest Rates II.

  1. Role Interest Rates Play in Economy
  2. Correlative Understanding
  3. Interest Rates: Importance
  4. Nation’s Health and the Economy on Interest Rates
  5. Interest Rates Impact on Economy
  6. F Recent Interest and Federal Rate Trends
  7. Outlook: Interest Rates


Inflation"Deflation, Financial Booms and Recessions

  1. History: Inflation
  2. Definition: Inflation
  3. Inflation: Price Indexes
  4. Inflation: Types


Financial Markets and Investing

  1. Introduction: Financial Markets
  2. Overview: Financial Markets
  3. Financial Markets: Types
  4. Financial Markets: Structures
  5. Financial Markets: Investments


Taxation Structures

  1. History: Taxation
  2. Reagonomics: The Reagan Tax Cut
  3. Bush Economics: The Bush Tax Cut
  4. Taxes: Modern Day
  5. Taxes: Types and Levels

Public Finance

  1. Overview: Public Economies
  2. Cost Benefit Analysis (CBA)
  3. CBA: Basic Steps
  4. Separation of Federal, State and Local Public Finance
  5. Expenditure Changes: State and Local Levels


Revenue and Economic Forecasting

  1. Introduction: Revenue Forecasting
  2. Revenue Forecasting: Types
  3. Economic Forecasting: Words from the Chairman of the Fed
  4. Summation: Revenue and Economic Forecasting


Economic Indicators and Statistical"Probability Economics

  1. Overview: Economic Indicators
  2. Economic Indicators: Categories
  3. Economic Indicators: Types
  4. Summation: Economic Indicators


Econometrics: Marriage of Statistics and Economics

  1. Econometrics: Bringing Everything Full Circle
  2. Introduction: Econometrics
  3. History: Econometrics
  4. Haavelmo and the Probability Factor
  5. Econometrics: Branches
  6. Econometrics: Approaches

The Non-Econometrician’s Lament


Economic Books and Additional Resources

  1. Economics: Staying Current
  2. Economics: Media Outlets
  3. Economics: Books
  4. Economics: Organizations

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 by mastering all learning outcomes with 70% or higher overall grade.

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.
  • Know Economic Growth, Stimulus and Stabilization.
  • Describe Interest Rates and their impact on economy.
  • Know Inflation and Deflation and their impact on economy.
  • Describe Financial Markets and Investing.
  • Know 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.

Assessment Guide

Assessment Points
Lesson 1 Assignment5
Lesson 1 Quiz8
Lesson 2 Assignment10
Lesson 2 Quiz7
Lesson 3 Assignment15
Lesson 3 Quiz6
Lesson 4 Assignment5
Lesson 4 Quiz9
Lesson 5 Assignment15
Lesson 5 Quiz9
Lesson 6 Assignment15
Lesson 6 Quiz8
Lesson 7 Assignment5
Lesson 7 Quiz7
Lesson 8 Assignment15
Lesson 8 Quiz9
Lesson 9 Assignment20
Lesson 9 Quiz9
Lesson 10 Assignment15
Lesson 10 Quiz9
Lesson 11 Assignment10
Lesson 11 Quiz8
Lesson 12 Assignment15
Lesson 12 Quiz8
Lesson 13 Assignment5
Lesson 13 Quiz9
Lesson 14 Assignment5
Lesson 14 Quiz10
Lesson 15 Assignment5
Lesson 15 Quiz10
Lesson 16 Assignment15
Economics - Final Exam570
Total Points:871

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