Principles of Economics - Introduction - Getting to Know You Coursera

Overview

Economics and economic theory are fundamental to decision‑making in business, public policy, and everyday life.

For those interested in careers in business, law, accounting, or investment, studying economics provides a strong foundation of knowledge. Principles of Economics - Introduction - Getting to Know You course offered by Coursera in partnership with Rice University introduces the basic concepts of microeconomics and macroeconomics.

The microeconomics component includes analysis of supply and demand, consumer and producer behavior, and competitive and noncompetitive market equilibria, with applications to current policy issues.

The macroeconomics component provides an overview of the determination of national output, employment, interest rates, and inflation, and analyzes monetary and fiscal policies as well as international trade.

Learning outcomes

• Identify how Opportunity Costs affect economic decisions.
• Discover the basics of the study of economics Compare the long and short of economic theory
• Link trade and national production Discuss what tradeoffs nations face in production
• Determine how market supply relates to prices Compare the relationships between the price elasticity of demand and revenue

• Discover how taxes affect supply and demand