Economics in 10 Principles
What you’ll learn
An overview of what Economics is all about based on individual decision making, interaction on the market, and how the economy works.
At the end of the course, students will be able to make better decisions, have a deeper understanding of they make their own decisions, how people interact on the market and how the economy as a whole works by using these ten simple tools.
Requirements
The desire and awareness to learn Economics
This course focuses on the basic concepts to summarize Economics in the most simplest way, therefore it doesn’t require you to come from an Economics background.
Description
Economics is summarized in 10 principles with fun and practical examples. 10 Principles of Economics will give you an overview of what Economics is about in the simplest form. In order to understand the importance and the usage of the economics tools in our decision making process, interaction with each other in the market and how they shape countries’ economy will be introduced through these 10 principles of Economics. These principles will increase your awareness towards your economic surroundings and help you to have a better understanding in economic decision making process. As this is the beginner level, these principles will lay a solid foundation on your.What is Lorem Ipsum?Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.Why do we use it?It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).Where does it come from?Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of “de Finibus Bonorum et Malorum” (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, “Lorem ipsum dolor sit amet..”, comes from a line in section 1.10.32.The standard chunk of Lorem Ipsum used since the 1500s is reproduced below for those interested. Sections 1.10.32 and 1.10.33 from “de Finibus Bonorum et Malorum” by Cicero are also reproduced in their exact original form, accompanied by English versions from the 1914 translation by H. Rackham.
Overview
Section 1: Welcome to the course
Lecture 1 Introduction
Section 2: How People Make Decisions
Lecture 2 Principle 1-” Trade offs” – I wanna buy a Gucci bag but I also wanna save up all
Lecture 3 Principle 2 – “Opportunity cost” – You’ll all buy tomatoes online soon!
Lecture 4 Principle 3 – “Rational people & margin” – In order to lose weight, would you
Lecture 5 Principal 4 – “Incentives” – I bought this jeans on sale, I’m sure I’ll wear it
Section 3: How Do You Interact With People?
Lecture 6 Principle 5 – “Trade” – I get to run outside while the lovely cleaning lady
Lecture 7 Principle 6 – “Markets” – Invisible hand is the magic but not a unicorn
Lecture 8 Principal 7 – “Property rights & market failure” – When markets fail, government
Section 4: How does the Economy work?
Lecture 9 Principal 8 – “Productivity” – What is the main reason that an average American
Lecture 10 Principal 9:”Inflation” – The result of government printing TOO MUCH money.
Lecture 11 Principal 10: “Business cycles” -Inflation scares unemployment for a short-term
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.,You can be a student in high school or university, an entreprenur, a lawyer, a banker, an engineer or even an astranout.
Course Information:
Udemy | English | 0h 52m | 629.53 MB
Created by: Evrim Kanbur
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