Applied Economics: Economics Made Easy

Details

Description

This subject has been designed to introduce the fundamental principles of economic theories, models and tools employed by the Government, firms and other stakeholders to manage the economy. The subject examines various micro and macroeconomics topics, including demand and supply model, cost of production, resource allocation, market structures and market failures, macroeconomic indicators such as GDP, economic growth, inflation and unemployment, monetary and fiscal policy, and international trade. In this subject, students will also learn how to analyse the labour market, financial market and global economic issues such as financial and other crises.

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Objectives

Be introduced to the fundamental principles of economic theories, models & tools
Examine various micro and macroeconomics topics
How to analyse the labour market, financial market and global economy

Instructional level

Multilevel

Requirements

Computer with an Internet connection.
PDF reading software, such as free Adobe Reader.

Who should take this online course

Business Students

Economist

Managers

Business Owners

Self-Employed Individuals

Start-Up Companies

Executives

Chapter 1: General Concepts and Microeconomics
- 1 Lecture 1.1: Definition of 'Economy' and 'Economics' 03:48 min
- 2 Lecture 1.2: Economics - Theoretical Foundations 00:40 min
- 3 Lecture 1.3: Macro and Microeconomics 00:47 min
- 4 Lecture 1.4: Microeconomics / Demand and Supply Analysis 03:04 min
- 5 Lecture 1.5: The Law and Time of Supply 01:09 min
- 6 Lecture 1.6: Equilibrium 01:06 min
- 7 Lecture 1.7: Disequilibrium 01:51 min
- 8 Lecture 1.8: Elasticity and Market Efficiency 02:03 min
- 9 Lecture 1.9: Elasticity 02:39 min
- 10 Lecture 1.10: Factors Affecting Demand Elasticity 01:44 min
- 11 Lecture 1.11: Total and Marginal Revenue 03:28 min
- 12 Lecture 1.12: Market Structure / Competitive Market 03:04 min
- 13 Lecture 1.13: Monopoly 05:15 min
- 14 Lecture 1.14: Monopoly and Efficient and Monopolistic Competition 02:49 min
- 15 Lecture 1.15: Oligopoly and Monopoly 04:44 min
- 16 Lecture 1.16: Monopsony in the Real World 01:29 min
- 17 Self-Knowledge Quiz
Chapter 2: Macroeconomics
- 1 Lecture 2.1: Macroeconomics vs Microeconomics 03:14 min
- 2 Lecture 2.2: Aggregated Demand and Supply, and GDP 02:55 min
- 3 Lecture 2.3: Gross Domestic Product (GDP) 03:25 min
- 4 Lecture 2.4: Economic Growth 02:20 min
- 5 Lecture 2.5: Employment and Inflation 02:51 min
- 6 Lecture 2.6: Full Employment and Underemployment 03:11 min
- 7 Lecture 2.7: Natural Rate of Unemployment 03:04 min
- 8 Lecture 2.8: Inflation 02:54 min
- 9 Lecture 2.9: Deflation 02:37 min
- 10 Self-Knowledge Quiz
Chapter 3: Economic Policies and Natural Market Failure
- 1 Lecture 3.1: Economic Policies 03:15 min
- 2 Lecture 3.2: The Transition of Monetary Policy to the Economy 02:34 min
- 3 Lecture 3.3: The Relationship between the Bank and the Government 01:42 min
- 4 Lecture 3.4: Fiscal Policy 01:10 min
- 5 Lecture 3.5: The Basics of Fiscal Policy 04:37 min
- 6 Lecture 3.7: Source of Market Failure 03:15 min
- 7 Lecture 3.8: Externalities 01:51 min
- 8 Lecture 3.9: Structural Market Failure 01:39 min
- 9 Lecture 3.10: Information Asymmetry 02:38 min
- 10 Lecture 3.6: What does Fiscal Policy Affect? 01:26 min
- 11 Self-Knowledge Quiz
Chapter 4: Exchange Rates and Trade Barriers
- 1 Lecture 4.1: Exchange Rate and Trade Barriers 02:55 min
- 2 Lecture 4.2: Interest Rates 01:37 min
- 3 Lecture 4.3: Components of Interest Rates 02:49 min
- 4 Lecture 4.4: Trade Barriers 02:05 min
- 5 Lecture 4.5: Tariffs 01:31 min
- 6 Lecture 4.6: Taxation 02:32 min
- 7 Lecture 4.7: Deadweight Loss 00:55 min
- 8 Self-Knowledge Quiz
Chapter 5: Sub-Branches of Economics
- 1 Lecture 5.1: Financial Economics 01:43 min
- 2 Lecture 5.2: International Economics 01:45 min
- 3 Lecture 5.3: Transaction Cost 03:00 min
- 4 Lecture 5.4: Labour Economics 01:50 min
- 5 Lecture 5.5: Environmental Economics 01:51 min
- 6 Lecture 5.6: Energy Economics 01:15 min
- 7 Self-Knowledge Quiz
Chapter 6: Case Study
- 1 Case Study - Australian Statistics 02:29 min

The Teachlr

Sentinel 9

Instructor