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This is a crash course which helps you to understand Economics not to just be ready for a specific job but rather to get the bigger picture. This course can help entrepreneurs to take smarter decisions in business.
This course teaches you how to factor the implicit benefits and costs when you are making decisions. In a business you have to calculate both potential costs of production and implicit costs to make better decisions.
Assessment
This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer need to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
Certification
Edukite courses are free to study. To successfully complete a course you must submit all the assignment of the course as part of assessment. Upon successful completion of a course, you can choose to make your achievement formal by obtaining your Certificate at a cost of £49.
Having an Official Edukite Certification is a great way to celebrate and share your success. You can:
- Add the certificate to your CV or resume and brighten up your career
- Show it to prove your success
Course Curriculum
| Introduction to Part 1: Twelve Key Elements of Economics | 00:08:00 | ||
| Part 1 Element 1: Incentives Matter | 00:10:00 | ||
| Part I Element 2: There is no such thing as a Free Lunch | 00:08:00 | ||
| Part I Element 3: Decisions are Made at the Margin | 00:12:00 | ||
| Part I Element 4: Trade Promotes Economic Progress (1) | 00:04:00 | ||
| Part I Element 4: Trade Promotes Economic Progress (2) | 00:02:00 | ||
| Part I Element 5: Transaction Costs are an Obstacle to Trade | 00:07:00 | ||
| Part I Element 6: Prices Bring the Choices of Buyers and Sellers into Balance | 00:11:00 | ||
| Part I Element 6 Supplemental 1 | 00:12:00 | ||
| Part I Element 6 Supplemental 2 | 00:10:00 | ||
| Part I Element 6 Supplemental 3 | 00:09:00 | ||
| Part I Element 6 Supplemental 4 | 00:07:00 | ||
| Part I Element 6 Supplemental 5 | 00:07:00 | ||
| Part I Element 6 Supplemental 6 | 00:09:00 | ||
| Part I Element 6 Supplemental 7 | 00:02:00 | ||
| Part I Element 6 Supplemental 8 | 00:11:00 | ||
| Part I Element 6 Supplemental 9 | 00:10:00 | ||
| Part I Element 7: Profits Direct Businesses Toward Activities That Increase Wealth | 00:08:00 | ||
| Part I Element 8: People Earn Income by Helping Others | 00:05:00 | ||
| Part I Element 9: Production of Goods and Services People Value 1 | 00:07:00 | ||
| Part I Element 9: Production of Goods and Services People Value 2 | 00:06:00 | ||
| Part I Element 9: Production of Goods and Services People Value 3 | 00:04:00 | ||
| Part I Element 10: Providing for Economic Progress | 00:08:00 | ||
| Part I Element 11: The Invisible Hand and Self-Interest | 00:09:00 | ||
| Part I Element 12: Too Often the Secondary Effects of an Action are Ignored | 00:12:00 | ||
| Source 1: The Legal System Part I | 00:03:00 | ||
| Source 1: The Legal System Part II | 00:02:00 | ||
| Source 1: The Legal System Part III | 00:03:00 | ||
| Source 1: The Legal System Part IV | 00:02:00 | ||
| Source 1: The Legal System Part V | 00:10:00 | ||
| Source 2: Competitive Markets | 00:13:00 | ||
| Source 3: Limits on Government Regulation Part I | 00:03:00 | ||
| Source 3: Limits on Government Regulation Part II | 00:04:00 | ||
| Source 3: Limits on Government Regulation Part III | 00:02:00 | ||
| Source 4: An Efficient Capital Market Part I | 00:10:00 | ||
| Source 4: An Efficient Capital Market Part II | 00:08:00 | ||
| Source 4: An Efficient Capital Market Part III | 00:02:00 | ||
| Source 5: Monetary Stability Part I | 00:11:00 | ||
| Source 5: Monetary Stability Part II | 00:11:00 | ||
| Source 6: Low Tax Rates Part I | 00:05:00 | ||
| Source 6: Low Tax Rates Part II | 00:01:00 | ||
| Source 6: Low Tax Rates Part III | 00:03:00 | ||
| Source 6: Low Tax Rates Part IV | 00:03:00 | ||
| Source 7: Free Trade Part I | 00:06:00 | ||
| Source 7: Free Trade Part II | 00:12:00 | ||
| Source 7: Free Trade Part III | 00:03:00 | ||
| Monetary and fiscal policy | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy | 00:09:00 | ||
| What is inflation? | Inflation | Finance & Capital Markets | Khan Academy | 00:03:00 | ||
| Introduction to inflation | Inflation – measuring the cost of living | Macroeconomics | Khan Academy | 00:07:00 | ||
| Money supply and demand impacting interest rates | Macroeconomics | Khan Academy | 00:07:00 | ||
| Real GDP and nominal GDP | GDP: Measuring national income | Macroeconomics | Khan Academy | 00:08:00 | ||
| Monopolistic competition and economic profit | Microeconomics | Khan Academy | 00:09:00 | ||
| Negative externalities | Consumer and producer surplus | Microeconomics | Khan Academy | 00:06:00 | ||
| Adam Smith’s* Invisible Hand Explained in One Minute: Definition, Theory & Controversies | 00:01:00 | ||
| Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20 | 00:10:00 | ||
| What’s all the Yellen About? Monetary Policy and the Federal Reserve: Crash Course Economics #10 | 00:09:00 | ||
| Local Governance and Decentralisation | 00:02:00 | ||
| Income and Wealth Inequality: Crash Course Economics #17 | 00:10:00 | ||
| Labor Markets and Minimum Wage: Crash Course Economics #28 | 00:10:00 | ||
| Market Failures, Taxes, and Subsidies: Crash Course Economics #21 | 00:12:00 | ||
| Revenue, Profits, and Price: Crash Course Economics #24 | 00:11:00 | ||
| Deficits & Debts: Crash Course Economics #9 | 00:07:00 | ||
| Inflation and Bubbles and Tulips: Crash Course Economics #7 | 00:10:00 | ||
| Recession, Hyperinflation, and Stagflation: Crash Course Econ #13 | 00:10:00 | ||
| Assessment | |||
| Submit Your Assignment | 00:00:00 | ||
| Certification | 00:00:00 | ||
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