Rutgers Classifieds>Rutgers Online Courses>Principles of Economics: Introduction - Getting to Know You

Principles of Economics: Introduction - Getting to Know You

About this Course

Economics and economic theory is fundamental to decision making in business, policy, and everyday life. If you\'re interested in a career in business, law, accounting, or investment then studying economics is a great foundation of knowledge. In this first course of a three course Specialization adapted from my ECON 100 course taught at Rice University, we\'ll cover the introduction to the basic concepts of microeconomics and macroeconomics. Microeconomics component includes analysis of supply and demand, consumer and producer behavior, and competitive and noncompetitive market equilibria, with applications to current policy issues. Macroeconomics component provides an overview of the determination of national output, employment, interest rates, and inflation, and analyzes monetary fiscal policies and international trade. More specifically here\'s some things you should be able to do by the end of the course: 1. Identify how Opportunity Costs affect economic decisions. 2. Discover the basics of the study of economics 3. Compare the long and short of economic theory 4. Link trade and national production 5. Discuss what tradeoffs nations face in production 6. Determine how market supply relates to prices 7. Compare the relationships between the price elasticity of demand and revenue 8. Discover how taxes affect supply and demand Lastly there is a book that I\'ve written that coincides with this and the other two courses in the Specialization. You can purchase it here:

Created by: Rice University


Related Online Courses

Did you know that companies using Generative AI in customer success see a significant improvement in customer satisfaction and operational efficiency? Discover how you can leverage this technology... more
By the end of this project, you will have created a Visual Tasks Guide to use with your students. As teachers, we are always looking for ways to help our students grow. For students with special... more
The energy revolution in underway. Renewable energy is growing at an astounding pace - notably in electricity. Wind turbines and solar photovoltaic (PV) systems account for most new power plants... more
NIST SP 800-171 is a cybersecurity framework of 110 controls in 14 families published by the National Institute of Standards and Technology (NIST). This learning path will teach you how to comply... more
The course teaches engineering scholars how to improve their communication skills, based on theory, examples and practical exercises. Topics include basics of rhetoric (how to be clear), basics of... more

CONTINUE SEARCH

FOLLOW COLLEGE PARENT CENTRAL