Basics of Economics A Complete Study

🎓 Course Title: Basics of Economics A Complete Study
Course Description:

Welcome to Your Journey in Economics!

Ever wondered how the world of finance and accountancy intertwines with economics? The answer lies in understanding the basics of economics, which is not just about money but about making informed choices amidst limited resources. "Basics of Economics A Complete Study" by Raja Natarajan, a seasoned instructor with a background in commerce, is designed to provide you with a strong foundation in economic principles that are essential for finance and accountancy professionals.

What You Will Learn:

• Essence of Economics: Understand the fundamental truths about human wants and limited resources.
• Scope of Economics: Discover the wide array of areas economics covers, from individual consumer choices to broader market dynamics.
• Nature of Economics: Explore the science, art, and social science aspects that define economics.
• Economic Problems: Identify the challenges and dilemmas inherent in economic activities and decision-making.
• Theory of Demand: Learn how demand is shaped and its significance in markets.
• Law of Demand: Dive into the principles that govern changes in quantity demanded when there is a change in price.
• Demand Expansion and Contraction: Analyze how different factors can influence the demand for goods and services.
• Demand Curve Analysis: Understand the visual representation of demand relationships.
• Elasticity of Demand: Grasp the concepts that explain how responsive the quantity demanded is to a change in price.

Course Structure and Approach:

This course is carefully structured to cater to your self-paced learning style, complete with virtual classroom experiences. You'll find interactive elements such as black/green board writings and lectures accompanied by supportive materials. As you engage with the content, your progress will be tracked, and additional courses on topics like "Theory of Production and Cost," "Price Determination in Different Markets," and more will be unlocked based on your performance.

Course Outline:

• Introduction to Economics
  • What is Economics?
  • Basic concepts and real-world applications
• Defining the Scope of Economics
  • Understanding microeconomics and macroeconomics
• Economic Methods of Study
  • Qualitative vs. quantitative methods
• Fundamental Economic Problems
  • Scarcity, wants, and resources
• Theory of Demand
  • Consumer behavior and market dynamics
• Law of Demand
  • Price elasticity and consumer responsiveness
• Demand Curve Analysis
  • Interpreting demand schedules and graphs
• Elasticity of Demand
  • Measuring how demand responds to changes in price

Engagement and Progression:

Your active participation and engagement are key to mastering the basics of economics. As you progress through the course, your understanding will deepen, allowing you to tackle more complex economic concepts with confidence. This course is not just a learning experience; it's a stepping stone towards becoming a well-versed finance or accountancy professional with a solid grasp of economic principles.

Take the first step today and transform your understanding of economics. With "Basics of Economics A Complete Study," you're not just preparing to excel in your current role but equipping yourself for a lifetime of informed decision-making. 📚💡