Basics of Economics A Complete Study
What you’ll learn
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Understand What is Economics
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Understand Difference between Micro Economics and Macro Economics
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Understand Theory of Demand
Welcome to course on “Basics of Economics A Complete Study”
Finance, Accountancy and Economics are three different business subjects but with inter dependence, similarities and of course distinct differences.
If one has to excel in any of the above one domain (Finance / Accountancy / Economics) he should have strong understanding of main domain and basic understanding of other two domains.
Hence, this course will provide basic knowledge on Economics for Finance and Accounting Professionals.
So, what is Economics is all about?
Its about making choices.
Its not just about money.
It is about weighing different choices or alternatives.
So, there are variety of modern definitions for economics. Some of the differences may reflect evolving views of the subject or different views among economists
By studying Economics, you will understand two fundamental facts;
a) Human beings have unlimited wants; and
b) The means of satisfying these wants are relatively scarce
and the above form the subject matter.
By taking this course, you will learn
i) What is Economics
ii) Definition and Scope of Economics
iii) Nature of Economics
iv) Methods of Study of Economics
v) Economic Problems
vi) Theory of Demand
vii) Law of Demand
viii) Expansion and Contraction of Demand
ix) Demand Curve
x) Elasticity of Demand
Based on students engagement level, further courses will be added on the topics like
Theory of Production and Cost, Price Determination in Different Markets, etc.
This course is structured in self paced learning style.
You will experience virtual class room with black / green board writing and lectures with supporting lectures.
Take this course to understand the basics of Economics.
Who this course is for:
- Finance and Accounting Professionals
- CA / CS / CMA / B.Com., /M.Com Students
10 reviews for Basics of Economics A Complete Study
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Hanna Michel –
Die Präsentation der Thematik an sich könnte sicherlich besser sein, ansonsten okay. Der Akzent ist wahrscheinlich nicht für jeden einfach zu verstehen.
Chris Malek –
Everything is explained well and easy to follow thus far. Instructor had a strong grasp of topic and the exercises he performed demonstrated the information well. I will take more courses with this professor in the future.
Lai Hong Yi –
The instructor’s thick Indian accent makes the whole course very interesting and motivating.
His example on the law of diminishing returns regarding apple consumption is very humorous. I never laughed so hard while listening to an Udemy course.
Suresh Menon –
Very Good and I think even macro economics should also be included, as an extension to these lectures or as separate lectures. Good explanations of concept and interesting. Thanks.
Kusasalethu Sithole –
It was exactly the content and depth I wanted from an introduction to economics.
Indu Aggarwal –
It was a great course that showed a detailed overview of the study of economics and I enjoyed it very much.
Rainier Philip Reyes –
Hi, I need to voice this out. It is unorganised. here are the ff:
1.) In the concept of utility it did not emphasize where the Indifference curve approach was or is there? I had to figure it out by myself.
2.) In the elasticity of demand, Income elasticity and cross-elasticity was mentioned, but never discussed.
3.) Another thing that was mentioned but was never discussed was the Factors determining elasticity of demand and its importance.
4.) Another thing that was mentioned again but was never discussed were the five fundamental concept in decision making. After discussing the 1st one, incremental Concept, Time concept, Discounting concept, Opportunity cost, Equi-Marginal principle was omitted. out of the 5 only one was discussed.
5.) Mentioning macroeconomics with out at least giving some basics of it for us with zero econ knowledge to at least know the difference. I had to research it myself
Good economist but a needs to improve a lot in teaching. Sorry If I had to be upfront. I’m still thankful I’m learning a lot.
Then Arifin –
I always trust Mr. Raja Natarajan as a great Economy and Financial Guru. I have collected a few courses of Financial and Economy from Mr. Raja and try to gain a knowledge more and more in Financial sector. This economy course provided a lot of basic economy knowledge you need to know.
Rupsha Bhattacharyya –
The course is the first formal economics course for me. It introduces very basic concepts. There should be some resources like problem sheets etc and case studies for this course
Emran Khan Majlish –
Presentation quality & knowledge level is excellent. I enjoying ….
There is a lot of discussion regarding Demand but discussion of supply is not enough i would like to more about supply too