Economics Online Course

This course offers a complete and accessible journey through the core principles of Economics, structured to support a wide range of learners, including those with cognitive and learning differences. The content is presented in a clear, logical progression—from basic concepts like supply and demand to more advanced topics such as fiscal policy and international finance.

The course is grounded in real-world applications, ensuring learners not only understand economic theory but also how it plays out in everyday life. Designed for clarity and comprehension, the curriculum includes simplified explanations, structured modules, and visual aids where needed to support different learning styles.

Through 15 carefully designed modules, learners will explore the mechanisms behind prices, production, market systems, financial institutions, and government interventions. Each topic is broken down into manageable parts, ensuring that economic concepts—often seen as abstract or complex—become relatable and understandable.

Learning Outcomes:

• Understand economic models and how they shape global decisions.
• Evaluate market systems using supply and demand frameworks.
• Interpret price mechanisms and cost structures in various markets.
• Assess the impact of fiscal and monetary policies worldwide.
• Analyze economic indicators like inflation, GDP, and unemployment.
• Explore income inequality, global finance, and market failures.

Course Link: Economics Online Course

Course Curriculum

Module 01: An Introduction to Economics

Learn the fundamental concepts, types of economies, and economic goals. Understand scarcity, choice, opportunity cost, and trade-offs in daily life.

Module 02: The Market System and the Circular Flow Model

Explore how households, businesses, and government interact through the circular flow. Examine the market mechanism and the roles of buyers and sellers.

Module 03: Supply, Demand and Prices

Understand how prices are determined through the laws of demand and supply. Analyze market equilibrium, shortages, and surpluses.

Module 04: Prices

Investigate how prices serve as signals and incentives in the economy. Evaluate price ceilings, floors, and price control policies.

Module 05: Elasticity

Study the responsiveness of quantity demanded or supplied to price changes. Learn about price elasticity, income elasticity, and cross elasticity.

Module 06: Market Failures

Understand how and why markets fail to allocate resources efficiently. Examine externalities, public goods, and the tragedy of the commons.

Module 07: Production and Costs

Analyze how firms decide on output levels and production methods. Learn about short-run and long-run costs, economies of scale, and cost curves.

Module 08: Market Structure: Perfect Competition vs Monopoly

Compare different market structures based on competition and pricing. Explore perfect competition, monopoly, monopolistic competition, and oligopoly.

Module 09: Money, Banking and the Financial System

Learn the role of money, banks, and financial institutions in the economy. Understand how central banks manage money supply and interest rates.

Module 10: Measuring GDP and Economic Growth

Understand how Gross Domestic Product (GDP) is calculated and what it indicates. Explore real vs nominal GDP and factors driving economic growth.

Module 11: Unemployment

Explore the different types of unemployment and their causes. Understand labor force participation, unemployment rate, and cyclical trends.

Module 12: Inflation

Examine causes and consequences of inflation. Learn about Consumer Price Index (CPI), demand-pull inflation, and cost-push inflation.

Module 13: Income Distribution and Poverty

Analyze the factors behind income inequality and poverty. Study economic mobility, Gini coefficient, and poverty alleviation programs.

Module 14: International Finance

Learn about exchange rates, balance of payments, and global capital flow. Understand currency markets and the effects of trade policies.

Module 15: Fiscal Policy

Understand how governments use spending and taxation to influence the economy. Study budget deficits, public debt, and multiplier effects.

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Link: Lifetime Premium Membership

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Disclaimer:

This is an online course with pre-recorded lessons. You will get access to the course within 48 hours after your enrolment.