Complete Introduction To Economics- Basic To Advanced Level

17 Hours Complete Course |Perfect Course for University Students, Adult Learners and Especially for Entrepreneurs|

What you'll learn

Basic Concepts of Economics

Understanding Between Goods and Services

Concepts, Laws, Functions and Shifting of Demand and Supply

Equilibrium of Demand and Supply

Elasticity, Representation and Find Price Elasticity of Demand with Examples

Income Elasticity and Cost Elasticity

Measurement of Financial Effectiveness, Time Value of Money, Present Value and Future Value with Examples

Profitability Index(PI),Measurement, Interpreting and Application of (PI) with Examples

Payback Period for Investments

Internal Rate of Return and its Advantages and Disadvantages

Economic Indicators

Depreciation and Depletion and Comparing both of them in detail

Economic Thoughts (Classical, Non Classical Thoughts and Keynesian Economists)

Ten (10) Principles of Economics By Gregory Mankiw

Understand Production Analysis in Detail

Revenue, Profit and Cost Analysis with Examples

Business and forms of Businesses (Sole Proprietorship, Partnership, Corporation, Franchising, Mergers, Joint Venture, Acquisition)

Requirements

The course is designed for learners of all levels.

All concepts are introduced slowly and gradually, but comfort with thinking analytically will be helpful.

Description

About this Course Economics | Basics to Advanced Level|This course was recorded for university students for making them professionals in economics. As some of the students are not from the economics background so in this course we start from a very scratch level to clear their concepts. You can check out the preview lectures every topic is explained in very detail.In this course, we start from very basic level concepts of economics to advanced level. The course is carefully designed and structured in the simplest way to give you an understanding of Basics to Advances Concepts of Economics, Demand and Supply Analysis, Elasticity Concepts in Economics, High-Level Concepts of Economics for Professionals, Depreciation Depletion, Economic Thoughts, Ten(10) Principles of Economics, Revenue, Profit and Cost Analysis, Businesses and Form of Businesses, Linear Programming In EconomicsCourse ContentBasic Concepts of EconomicsEconomics, Agents of EconomicsD- Economic System, E-Slope in Economics, Slope in Economics, F VariablesEngineering Economics, Economics VS Engineering Economics, Goods and ServicesTypes of Goods, Types of Services, Terminology, and SymbolsDemand and SupplyConcepts of Demand And Quantity DemandedLaw of Demand, Functions of Demand, Shifting of DemandSupply, Types of Supply Schedules and Curves, Factors Affecting SupplyLaw of Supply, Increase or Decrease in Supply with ExamplesEquilibrium of Demand and Supply, Effect of Shift in Supply Demand with AlgebraGoods in EconomicsElasticityElasticity, Representation and Find Price Elasticity of Demand with ExampleRepresentation and Find Price Elasticity of Supply, Income ElasticityMeasurement of Income Elasticity and Cross ElasticityAdvanced Concepts of EconomicsMeasurement of Financial Effectiveness, Time Value of Money, Present ValueFuture Value with ExamplesProfitability Index(PI), Measurement of PI, Interpreting and Application of PIExamples of Profitability IndexPayback Period, Significance of Payback Period, Examples of Payback PeriodNet Present Value, Acceptance Rule of Net Present ValueExamples of Net Present Value (1-5)Examples of Net Present Value (6-10)Internal Rate of Return (IRR), Advantages and Disadvantages of IRRMeasurement of Financial Effectiveness, TYMEnvironment and Economics, Engineering Economics DecisionsEconomic IndicatorsDepreciation and DepletionDepreciation, Factors in Computing Depreciation (Characteristics, need, causes)Depreciation MethodsComparing Depreciation Methods, Depletion, Cost Determination and DepletionDifferences Between Depreciation and DepletionEconomic ThoughtsEconomic Thoughts, Classical ThoughtsNon-Classical Thoughts, Keynesian EconomistsThe Principles of Economics By Gregory MankiwTen(10) Principles of EconomicsProduction AnalysisProduction, Types of ProductionFactors of ProductionHow These Factors are Interconnected, Economics of ScaleRevenue, Profit and Cost (Cost Analysis)Revenue, Profit, Cost,Types of CostsCost FormulasReturn to scale, Practice ProblemsPractice ProblemsBusinessesBusiness, Forms of Businesses (Sole Proprietorship, PartnershipForms of Businesses Continue (Corporation)Forms of Businesses Continue (Franchising, Mergers)Forms of Businesses Continue (Joint Venture)Forms of Businesses Continue (Acquisition )Linear Programming in EconomicsBEFORE YOU ENROL:1. Watch the Preview video2. Watch the sample lectures3. Thoroughly read this course description4. Be fully aware that this course was recorded for University Students Only Enrol if you find this Course Helpful.Economics is a complex subject filled with a maze of confusing terms and details which can be difficult to explain. Even economists have trouble defining exactly what economics means. Yet, there is no doubt that the economy and the things we learn through economics affect our everyday lives.In short, economics is the study of how people and groups of people use their resources. Money certainly is one of those resources, but other things can play a role in economics as well. In an attempt to clarify all this, let's take a look at the basics of economics and why you might consider studying this complex field.The Field of EconomicsEconomics is divided into two general categories: microeconomics and macroeconomics. One looks at the individual markets while the other looks at an entire economy.From there, we can narrow economics into a number of subfields of study. These include econometrics, economic development, agricultural economics, urban economics, and much more.If you have an interest in how the world works and how financial markets or industry outlooks affect the economy, you might consider studying economics. It's a fascinating field and has career potential in a number of disciplines, from finance to sales to the government.Two Essential Concepts of EconomicsMuch of what we study in economics has to do with money and the markets. What are people willing to pay for something? Is one industry doing better than another? What is the economic future of the country or world? These are important questions economists examine and it comes with a few basic terms. You can find answers to all these questions from this course.

Overview

Section 1: Basic Concepts of Economics

Lecture 1 Economics, Agents of Economics

Lecture 2 D- Economic System, E-Slope in Economics, Slope in Economics, F Variables

Lecture 3 Engineering Economics, Economics VS Engineering Economics, Goods and Services

Lecture 4 Types of Goods, Types of Services, Terminology and Symbols

Section 2: Demand and Supply

Lecture 5 Concepts of Demand And Quantity Demanded

Lecture 6 Law of Demand, Functions of Demand, Shifting of Demand

Lecture 7 Supply, Types of Supply Schedules and Curves, Factors Affecting Supply

Lecture 8 Law of Supply ,Increase or Decrease in Supply with Examples

Lecture 9 Equilibrium of Demand and Supply, Effect of Shift in Supply Demand with Algebra

Lecture 10 Goods in Economics

Section 3: Elasticity

Lecture 11 Elasticity, Representation and Find Price Elasticity of Demand with Example

Lecture 12 Representation and Find Price Elasticity of Supply, Income Elasticity

Lecture 13 Measurement of Income Elasticity and Cross Elasticity

Section 4: Advanced Concepts of Economics

Lecture 14 Measurement of Financial Effectiveness, Time Value of Money, Present Value

Lecture 15 Future Value with Examples

Lecture 16 Profitability Index(PI),Measurement of PI, Interpreting and Application of PI

Lecture 17 Examples of Profitability Index

Lecture 18 Payback Period, Significance of Payback Period, Examples of Payback Period

Lecture 19 Net Present Value, Acceptance Rule of Net Present Value

Lecture 20 Examples of Net Present Value (1-5)

Lecture 21 Examples of Net Present Value (6-10)

Lecture 22 Internal Rate of Return (IRR), Advantages and Disadvantages of IRR

Lecture 23 Measurement of Financial Effectiveness ,TYM

Lecture 24 Environment and Economics, Engineering Economics Decisions

Lecture 25 Economic Indicators

Lecture 26 Economic Indicators Continued

Section 5: Depreciation and Depletion

Lecture 27 Depreciation, Factors in Computing Depreciation ,(Characteristics, need, causes)

Lecture 28 Depreciation Methods

Lecture 29 Comparing Depreciation Methods, Depletion, Cost Determination and Depletion

Lecture 30 Differences Between Depreciation and Depletion

Section 6: Economic Thoughts

Lecture 31 Economic Thoughts, Classical Thoughts

Lecture 32 Non Classical Thoughts , Keynesian Economists

Lecture 33 The Principles of Economics By Gregory Mankiw

Lecture 34 Ten Principles of Economics

Section 7: Production Analysis

Lecture 35 Production, Types of Production

Lecture 36 Factors of Production

Lecture 37 Continue

Lecture 38 Continue

Lecture 39 How These Factors are Interconnected, Economics of Scale

Section 8: Revenue, Profit and Cost (Cost Analysis)

Lecture 40 Revenue, Profit, Cost, Types of Costs

Lecture 41 Types of Costs Continue

Lecture 42 Types of Cost Continue

Lecture 43 Cost Formulas

Lecture 44 Cost Formulas Continue

Lecture 45 Cost Formulas Continue

Lecture 46 Return to scale ,Practice Problems

Lecture 47 Practice Problems

Section 9: Businesses

Lecture 48 Business, Forms of Businesses (Sole Proprietorship, Partnership)

Lecture 49 Forms of Businesses Continue (Corporation)

Lecture 50 Forms of Businesses Continue (Franchising, Mergers)

Lecture 51 Forms of Businesses Continue (Joint Venture)

Lecture 52 Forms of Businesses Continue (Acquisition )

Section 10: Linear Programming In Economics

Lecture 53 Linear Programming

IB students,A Level and AP students,You can be a student in high school or university, an entrepreneur, a lawyer, a banker or an engineer,This course is designed for people who are not coming from economics background, or just started studying Economics or studied Economics but forgot most of it,Anyone wanting to progress from Beginner to Advanced in Economics