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This Economics Course explores ways that psychological research indicating systematic departures from classical economic assumptions can be translated into formal models that can be incorporated into economics.
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 Credit: NPTEL
Course Curriculum
| Principles of Economics | 00:28:00 | ||
| Demand Supply Framework | 00:17:00 | ||
| Determinants of Demand | 00:16:00 | ||
| Supply Curve, Determinants of Supply Curve | 00:17:00 | ||
| Demand Supply Equilibrium | 00:26:00 | ||
| Elasticity of Demand and Supply | 00:28:00 | ||
| Determinants of Elasticity of Demand | 00:29:00 | ||
| Elasticity and Revenue | 00:26:00 | ||
| Elasticity of Supply | 00:31:00 | ||
| Demand Supply & Government Policies | 00:30:00 | ||
| Demand Supply & Government Policies (Contd.) | 00:20:00 | ||
| Taxes and Demand & Supply Framework | 00:29:00 | ||
| Elasticity and Taxes | 00:32:00 | ||
| Efficiency and Market Equilibrium | 00:31:00 | ||
| Production and Cost | 00:21:00 | ||
| Costs | 00:24:00 | ||
| Cost Curves | 00:32:00 | ||
| LR and SR Cost Curves | 00:19:00 | ||
| Market Structures | 00:27:00 | ||
| Perfect Competition | 00:18:00 | ||
| Perfect Competition and Profit Maximization | 00:31:00 | ||
| Suppy Curve of Firm in Perfect Competition | 00:27:00 | ||
| Supply Curve of Market in Perfect Competition | 00:20:00 | ||
| Market Supply (Contd.) | 00:19:00 | ||
| Monopoly | 00:21:00 | ||
| Monopoly- Determination of Price and Quality | 00:31:00 | ||
| Monopoly Supply and Efficiency | 00:18:00 | ||
| Price Discrimination | 00:30:00 | ||
| Public Policy and Regulation | 00:26:00 | ||
| Monopolistic Competition | 00:28:00 | ||
| Monopolistic Competition Determining P and K | 00:31:00 | ||
| Monopolistic Competition – Efficiency and Welfare | 00:28:00 | ||
| Monopolistic Competition – Advertising | 00:27:00 | ||
| Oligopoly | 00:28:00 | ||
| Oligopoly – Determining P and Q | 00:31:00 | ||
| Oligopoly – P and Q Outcomes with Example | 00:28:00 | ||
| Difference between Market Outcomes | 00:25:00 | ||
| Oligopoly – Game Theory | 00:23:00 | ||
| Oligopoly – Game Theory (Contd.) | 00:30:00 | ||
| Oligopoly Pricing | 00:24:00 | ||
| Public Policy in Oligopoly | 00:31:00 | ||
| Assessment | |||
| Submit Your Assignment | 00:00:00 | ||
| Certification | 00:00:00 | ||
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