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This course includes
Lecture 1_ Intro to economics, models, opportunity cost
Lecture 2_ PPF, Economic growth
Lecture 3_ Trade, comparative advantage
Lecture 4_Absolute advantage, gains from trade
Lecture5_ Economic systems, Demand curve and Shifts
Lecture 6_ Supply curve and Shifts in Supply (1)
Lecture 7_ Price ceiling and Price floors
Lecture 8_ Practice Question
Lecture 9_ Supply curve and Shifts in Supply
lecture 10_Quiz 1A
Lecture 11_Quiz 1B
12_ Consumer surplus, Producer surplus
13_Tax and its effects,Deadweight loss.
14.Practice Question
15.Elasticity, Income and price elasticity, Determinants of price elasticity of demand.
16.Application of Price Elasticity, Total revenue, Elasticity and slope, Consumer surplus and elasticity
17.Elasticity and Burden of Tax
18.Practice Question
19.firms supply decisions
20.Long run and short run, Production, Marginal product, Law of Diminishing returns
21.Fixed VS Variable cost, Short run optimal production, Marginal Benefit VS Marginal cost,cost curves
22.Perfectly competitive Industry, Profit Maximization Quantity and price
23.Economic Loss, Shut-down point
24.Practice Question
25.Quiz 2A
26.Quiz 2B
27.Monopoly, Profit Maximization in Monopoly
28_ Monopoly VS Perfect Competition, Price discrimination by monopolist, Single Price Monopolist
29_ Long-run competitive Equilibrium
30_ Oligopoly, Monopolistic Competition and its Profit Maximization
31_ Practice question
32_Externality, Positive Externality, Negative Externality
33_ Coase Theorem, Externality and Taxes or Subsidy, Cap and Trade
34_ Market Failure, Imperfect competition
35_ Asymmetric Information, Adverse selection, Screening, Moral Hazard
36_ Practice Question
37_ Intro to Macroeconomics, Growth, Stagnation and Decline
38_ Unemployment, Unemployment rate and Labor force participation rate, Types of Unemployment
39_ Inflation, Measuring Prices, CPI, Inflation rate
40_Quiz 3
41_Quiz 4
12C
43_ Measuring GDP
44_ Investment VS Intermediary goods, Aggregate expenditure
45_ CPI worked example
46_ GDP worked example
47_ Business Cycles, Aggregate Demand and supply, aggregate demand slopes
49_ Aggregate Supply curve, Long run aggregate supply
50_ Short run Aggregate Supply curves, Theories of Short run aggregate supply
51_ SRAS shifters, SRAS and LRAS, Long Run Equilibrium, Economic Fluctuations
52_ Government intervention, Monetary and fiscal policy
53_ Monetary policy and Aggregate demand, Fiscal Policy and aggregate demand, Multiplier effect
54_ MPC, Crowding out effect
Quiz 5
Economics deals with people and is a reflection of how they interact with each other as they go about making decisions regarding their lives. We study economics by observing the principles of decision making of the individuals who make up the economy, how they interact with one another and how the economy as a whole works. Objectives of the course: Introduce you to principle of economics important concepts by explanation through everyday examples. Includes practice questions and past quizzes questions.
What you'll learn
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