Wealth and Welfare Definition of Economics
Economics Scarcity Definition
Economics Growth Definition
Methods of Economic Analysis
Charecteristics of Wants Part I
Charecteristics of Want Part II
Classification of Wants
Significance of Classification of Want
Utility - Total Utility and Marginal Utility
Law of Diminishing Marginal Utility
Importance of Law of DMU
Criticism of Law of DMU
Law of Equi Marginal Utility
Limitations of Law of EMU
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 these domains he should have strong understanding of main domain and basic understanding of other two domains. This course will provide basic knowledge on Economics for Finance and Accounting Professionals.
So, what is Economics is all about?
It's about making choices. It's 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:
1.Human beings have unlimited wants; and
2.The means of satisfying these wants are relatively scarce and the above form the subject matter
By taking this course, you will learn
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