"Learn Economics From Scratch" is an 'A'-Level support course. Within 4 hours we will teach you how to view the micro-economic world to approximately A-Level Standard. Taught by experts in the field (2.1 BA Hons Graduate with over 4 years industry experience) it aims to empower the individual student with abilities to understand the world of micro-economics. As part of a forthcoming Economics Series aiming to cover the entire Cambridge 2015 A-Level syllabus. By the end of this course you will understand and should be able to: ·Have an appreciation of purpose built print quality diagrams for the course. ·Appreciate insight into the inner workings of the theory of how firms operate in today's business climate ·Appreciate detailed explanations of cost and revenue structures, directly transferable as real life skills into business. ·Learn Micro Economics in under 4 hours with over three hours of purpose created content. ·Define Economics, Understand Basic Economic Ideas, and Economic Structures with particular respect to Types of Economic Systems; ·Understand the History of Economic Systems, their Pros and Cons ·Understand Positive and Normative Economics, their definitions and uses. ·Understand Aspects and features of Money, its functions and characteristics; ·Understand UK Banking structures, and Liquidity Structures of Financial Mediums of Exchange. ·Appreciate aspects of the UK Financial System, How the UK Financial System Creates Money, the Bank Of England, Its Functions and Affect. ·Understand what constitutes Economic Efficiency and its component parts of Productive and Allocative Efficiency. ·Appreciate the Price system and theory of the firm including the Laws of Demand and Supply ·Understand the Assumptions made with respect to Demand and Supply. ·Appreciate Factors determining Demand and the Law of diminishing marginal utility. ·Understand Demand oddities such as Veblen and Giffen goods. ·Appreciate Income and Substitution Effects and the equi-marginal condition. ·Understand and appreciate the concept of Value and the Paradox of Value. ·Appreciate Types of Demand, its Sensitivity and responsiveness to Price (Price Elasticity of Demand) what affects this and the extreme forms it can take. ·Appreciate Cross price elasticity of demand - the way in which one competitive product mat affect the market conditions of another. ·Appreciate Income Elasticity of Demand - the way in which a change in income affects demand of a product. ·Understand and appreciate Pricing policies and planning - how to form a pricing strategy in business. ·Appreciate taxation impacts of elasticity; ·Appreciate Supply conditions and Supply notation. ·Appreciate factors affecting and the outcomes of changes in supply and Joint supply - where one products supply is governed by supply of another products ·Gain an appreciation of Price elasticity of supply and levels of elasticity of supply and its Determinants. ·Understand what’s meant in economics by the Period of supply – momentary, short and long run. ·Understand Supply and Demand notation and diagrams. ·Appreciate the price mechanism, Supply and Demand and its inevitable state of Equilibrium. ·Appreciate the impact on markets of Minimum Price Controls; ·Understand Indirect taxes, Incidence of taxation and methods of calculating tax yields. ·Understand Consumer and producer surplus and the impacts of these on the free market. ·Appreciate aspects of Free Market Failure the factors contributing to this and aspects of Market power; ·Appreciate aspects of Factor immobility, Inequality, Merit goods, Externalities, Instability, Information problems, Public goods, Market Instability and Information problems. ·Understand Coase theorem aka the compensation principle; ·Understand Governmental failure and Public choice theory; ·Appreciate Taxation and approaches of theory to handle market failures. Want to understand the mathematical implications of theory? As part of the course we will cover: ·Marginal, Average, and Total numbers and graphs of these.. ·The law of diminishing returns / variable proportions; ·Costs, cost formulae and graphs of costs structures; ·Long run average costs curves; ·Internal economies of scale; ·Types of economies – purchasing; Managerial; technical; financial; risk bearing; marketing. ·Internal diseconomies of scale; ·Minimum efficient scale; ·Returns to scale; ·Cost minimisation; ·External economies and diseconomies of scale – how size implications can save you real money. ·Technology; ·Price and output decisions; ·The average condition; ·Type of profit; ·Short and long run production decisions. ·Pareto optimality and types of efficiency; ·Theory of second best (1956) Have you ever needed to understand what is meant by a particular market or business form? We will also be covering: ·Market form including Perfect competition its assumptions and representation in graphical form; ·Why are Perfectly Competitive Markets desirable from an economic perspective? ·Monopolistic competition and contestable markets; ·Monopolistic competition diagrams and explanation; ·Contestable markets; ·Barriers to entry; ·Monopoly; ·Monopoly profits and how Barriers to entry make this possible. ·Monopoly and its implications on efficiency; ·Natural Monopoly and Control of natural monopolies; ·Arguments for and against monopoly; Ever wanted to understand whether you should be charging more for your products? As part of the lecture series we will cover: ·Price discrimination, and Perfect price discrimination; ·Competition and collusion ·Oligopoly / duopoly; ·We will also be appreciating the aspects of competition and collusion with respect to the Kinked Demand Curve; ·The Collusion model of oligopoly; ·What makes collusion more likely; ·An understanding of Game Theory; ·Pricing and non-pricing strategy; ·The role of advertising; In addition did you ever want to appreciate the implications of competition policy on markets? As part of this course we will be discussing: ·Economic Competition & competition policy: ·Policies by governments; ·Ways of using competition policy; ·Office of fair trading; ·European Commission; ·EU restrictive practices policy; ·European Monopoly power ·EU Mergers; ·UK Competition Laws; ·Trading Laws: 1973 fair trading act; 1980 competition act; 1998 competition act; 2002 Enterprise act; ·Cartels; Ever want to understand what types of form a business can take in the real world, how they grow, and what forms of descriptive / analytical business models they can take? We will be covering: ·Types of business; ·Shares; ·Multinationals / transnationals; ·Why governments are suspicious of multinationals; ·Growth of firms; Internal vs external. ·Why takeover or merge; ·Reasons of growth; ·Types of growth; ·Franchising; ·Objectives of firms; ·Profit maximisation vs managerial models; ·Managerial utility maximisation model (Williamson); ·Sales revenue maximisation (Baumol); ·Growth Maximisation (Marris); ·Satisficing (Simon); ·Diagrams of managerial models; Ever want to understand how the labour market works and be able to discus with a union representative how this works? As part of this course we will be covering: ·Labour – demand for labour; ·Elasticity of demand for labour; ·Individuals supply of labour; ·Supply of labour determinants; ·Perfectly competitive labour market; - Diagrams; ·Wage differences; ·Imperfections in the labour market; ·Wage determination in imperfect markets; ·Monopsony; ·Monopsony diagrams; ·Trade Unions; ·Power over labour supply; ·Union illustration; ·Power of trade unions - determinants. ·Bilateral Monopoly; ·Differences in individuals earnings; - Determinants; ·Minimum wage; - effects; ·Government intervention in labour markets; ·Transfer earnings – Economic rent & Quasi rent; ·Income Vs Wealth; ·Sources of income; ·Why incomes differ; ·Wealth – types and forms; ·Equality and equity (Fairness); ·Equity vs efficiency; ·Poverty – absolute and relative; ·Income distribution in the UK. ·How government redistributes income; In addition we will be taking feedback from students and answering tricky questions with reference to the course, should you be having particular difficulty with any aspect of the theory. I hope to see you soon.

本課程將在四週中介紹經濟學的基礎內容，包含基本經濟學原理、機會成本、供給需求、市場均衡、彈性等，課程旨在讓學習者了解經濟學範疇的入門內容，進而培養經濟直覺。課程中包含許多現實生活出現的案例，讓學習者了解經濟學在生活中各個面向的運用。 在生活中我們幾乎每天都會聽到或處理經濟相關問題，例如：交易、投資、政策、新聞內容等，經濟和人類活動的關連是如此緊密，但許多人卻對經濟學內容一知半解，透過這門課程逐步的學習，學習者將逐漸學到如何以經濟學家的方式剖析問題，對經濟議題建立正確的判斷能力，並奠定學習其他經濟學進階課程的基礎，也希望讓更多人了解經濟學的美妙之處。

The last three or four decades have seen a remarkable evolution in the institutions that comprise the modern monetary system. The financial crisis of 2007-2009 is a wakeup call that we need a similar evolution in the analytical apparatus and theories that we use to understand that system. Produced and sponsored by the Institute for New Economic Thinking, this course is an attempt to begin the process of new economic thinking by reviving and updating some forgotten traditions in monetary thought that have become newly relevant. Three features of the new system are central. Most important, the intertwining of previously separate capital markets and money markets has produced a system with new dynamics as well as new vulnerabilities. The financial crisis revealed those vulnerabilities for all to see. The result was two years of desperate innovation by central banking authorities as they tried first this, and then that, in an effort to stem the collapse. Second, the global character of the crisis has revealed the global character of the system, which is something new in postwar history but not at all new from a longer time perspective. Central bank cooperation was key to stemming the collapse, and the details of that cooperation hint at the outlines of an emerging new international monetary order. Third, absolutely central to the crisis was the operation of key derivative contracts, most importantly credit default swaps and foreign exchange swaps. Modern money cannot be understood separately from modern finance, nor can modern monetary theory be constructed separately from modern financial theory. That's the reason this course places dealers, in both capital markets and money markets, at the very center of the picture, as profit-seeking suppliers of market liquidity to the new system of market-based credit.

This economics course is pretty much the cornerstone to learn about the concepts of " Consumer Behavior ". The course engulfs all the basic concepts of Evolution of Economic Thoughts Theory of Utility Law of Diminishing Marginal Utility Concept of Demand Individual & Market Demand Schedule Exceptions to the Law of Demand Elasticity of Demand Income & Cross Elasticity and Consumer Surplus Indifference Analysis & Budget Analysis The entire course is divided into 12 modules which comprises of 23 video lectures and 7 pdfs. Don't forget to take the Assessment Test at the end of the course and shoot me with any questions and doubts you will have in mind. The course is based on practical real life scenarios & mathematics based solutions for you to understand the concepts better. Anyone who wants to learn economics, this course is your first stepping stone. We start this course from very scratch and gradually build your concepts. So if you are a complete new learner with no prior knowledge on economics, don’t worry, this course can help you immensely. And, if you are an existing economics student in your graduation level, this course will definitely bring better clarity to your concepts. By the end of the course you will get detailed information and knowledge on the following areas: Clear understanding of the basics of economics and its evolution What are the different elements and how they can determine a rational consumer’s buying decision Also you will develop substantial knowledge & clear understanding about some important concepts like: Theory of Utility Diminishing Marginal Utility Concept of Demand and Demand Function Individual & Market Demand Schedule Elasticity of Demand Consumer Surplus Normal Goods & Inferior Goods Indifference Analysis & Budget Analysis

LEARN TO DECIDE- LEARN MICROECONOMICS Have we ever thought that whatever we have been using, consuming and seeing around is one way or the other related to Economics ? How are prices determined in a market ? Infact how does the market works ? How do we decide what must we purchase and what not ? How does producers and consumers interact to determine the price and quantity in a market ? How and why does the Govt interferes and uses certain policies ? Even if you are unaware of what the whole subject is about , you will still learn how Microeconomics effects our "CHOICES AND DECISION MAKING". Since Economics has been influencing our lives in every way. This course of microeconomics provides complete details about the economic system in general and individual economic entities in particular so as to have the ability of better decision making. It enable you to think about the logical facts associated with the economic system . Why do we want a state of equilibrium in a market ? Why do prices change and what are the factors that change them ? What are we concerned with the responses being made after a price change ? And what decisions shall we have to apply for , in such circumstances , yes! This is were we need to learn what Microeconomics is about !!!! The instructors assures that even a student who has not ever taken a course of economics is able to understand the course very easily. And for all the students enrolled in the course of Business, management or Economics can go through it in no time. The course includes an indepth analysis of one of the very most important topics that are : Supply Demand Market Mechanism and equilibrium Changes and adjustment in equilibrium Elasticity and responsiveness to price change . Short-run vs long-run elasticities Consumer choice and much more to come ..... Additionally, the course design includes 4 Quizzes with each topic as well as solved problems . Other Problem sets can also be shared with the students upon request. Furthermore, the course also comprises of explanation of graphical and mathematical analysis with the use of pen tablet. The format of the course is as follows: Defining/explaning the concept Graphical analysis of the concept Mathematical Analysis Relating the concept with real world example Solved Problem with reference to microeconomics various books suggested by the instructor Quiz at the end of each chapter. Upcoming bonus videos will include topics of Cost, Production, Competitive and non-competitive markets Game Theory and much more.... No other experience or knowledge is required for this course.

This training course takes students through the cycle of project feasibility study preparation and evaluation. Feasibility study is needed before starting a new project (product or service), establishing a new business, or upgrading/modifying/expanding an existing business. Through feasibility study preparation cycle, projects can be determined if feasible/viable from the marketing and technical viewpoints. Given their estimated capital and operation costs (CAPEX & OPEX), projects can also be determined whether profitable or not. As the name implies, a feasibility study is used to determine the viability of an idea. The objective of this study is to ensure a project is legally and technically feasible and economically justifiable. It tells us whether a project is worth the investment or not.

'Recognized as a top instructor by Udemy for high quality academic courses' 'First time on Udemy, courses delivered by Nobel Prize laureates and international academic authorities ' If you are as crazy and passionate about true knowledge as our community and believe that true knowledge is true wealth , then our courses are for you. In this masterclass Nobel Prize Winner for Economics, Amartya Sen , invites us to reflect on the key concepts of economics, ethics and justice. Is it possible to combine ethical values with the laws of the market? What are the definitions of social justice and well-being ? The sharp analysis of economist Amartya Sen and his idea of economic development, inseparable from the values of democracy and freedom. This course is for: Anyone with inquisitive and open mind Everyone interested in economics and who would like to learn more about how ethical values could combine with laws of economics. Anyone with Interest in science Anyone with true passion for leaning and attaining true knowledge at an affordable price. Attending the course does not need any economic skill since it is presented in a clear and simple manner Anyone who appreciates and admires the knowledge brought to our race from Nobel Prize laureates' works. With this course you will learn: Over 21 lectures and 1 hour of content! 18 masterclasses and 1 hour and more of content You will learn how the key concepts of economics, ethics and justice are connected to each other You will learn how Amartya Sen suggested a theory capable of regulating the distribution of costs and benefits of social life From literature to economics, art to philosophy, EdooTV gives voice to the world's leading experts, describing and sharing ideas and knowledge that are essential for all of us. Don't wait, be a part of this amazing community now. Knowledge and ability to think with open mind is the best gift you can give to yourself and your loved ones. Feel free to contact us for bulk buying and corporate deals as well.

This  Course covers several Economics topics like Producer's Equilibrium, Concept of Revenue, Forms of Market and Perfect competition. In Producers Equilibrium, we have covered what is producers Equilibrium, when is it achieved, how can you find out Producers Equilibrium using Marginal cost curve, Long and short run equilibrium and what is perfect competition. In the concept of Revenue section, you would learn about, Average, Marginal and Total Revenue, there inter-se relationship and Demand curve of a firm under Perfect competition and Monopoly or monopolistic competition. When looking at Forms of Market, we have explained various forms of market and there characteristics, including perfect competition, monopoly, monopolistic competition and Oligopoly. How each of these forms of market compare with each other is also covered as a part of this Course. In case of perfect competition, our course covers what would be the market situation in case where either supply or demand are elastic, or inelastic, and there are changes in the other variable. This would cover simultaneous changes in supply and demand, change in demand when supply is perfectly inelastic and vice versa.

Overview As advanced economies come to the end of the process of industrialization and with the rise of information technology we are witnessing the birth of a new type of post-industrial economy, it is built on services, fueled by information and knowledge and it is increasingly integrated through global financial and supply chain networks. These huge changes in the deep architecture to our economies go far beyond our industrial paradigm and are necessitating a re-imagination of economy theory. General equilibrium models that were derived from classical physics got mathematized during the 20th century, these models give us a picture of the economy as composed of isolated, purely rational individuals, optimizing over a well defined set of preferences out of which we get a macro level general equilibrium in a somewhat static and timeless economy. It was a paradigm that fitted well with industrial age mechanization. But today the limitations of general equilibrium theory are becoming more apparent as we build new models, models to individual agents that have bounded rationality, driven by a diversity of motives they are interconnected and interdependent. And it is out of these nonlinear interactions we get the emergence of economic institutions as network structures that are far-from-equilibrium, in an economy that is constantly changing from internal drivers as it develops over time through an evolutionary process. Content This course is an overview to the new area of complexity economics, the application of models from complexity theory to the domain of economic science. The course is broken down into five main sections, we will start off with an overview to economic theory discussing our standard approach before going on to give a clear outline to the main ideas coming out of complexity economies. Next we will borrow from behavioral economics to build up a more complex model to economic agents as we talk about the idea of bounded rationality, different theories of value, choice theory and incentive systems. In the third section we will be looking at nonlinear economics as we apply system dynamics to modeling micro economic phenomena, we will be talking about how feedback loops create nonlinearity and the process of self-organization out of which emerges non-equilibrium patterns of organization in the economy. Next we will apply network analysis to modeling macro level economic institutions such as markets, we will introduce you to the basics of network theory and go on to talk about economic networks, their topology, distribution and dynamics. In the final section will be looking through the lens of complex adaptive systems theory to understand how whole macro economies emerge out of the actions and reactions of many different organizations, we will use the model of a fitness landscape in order to help us understand the process of economic evolution.

Welcome to this MOOC on Local Economic Development (LED). Local economic development refers to the processes by which local governments, businesses, and civil society groups get together to raise income sustainably and improve their lives in a well-defined area. It’s about creating jobs, securing livelihoods, improving infrastructure and managing local resources. What do I learn? We will be dealing with questions such as the following. Why does economic development take place in some areas of the world and not in others? Why doesn’t it happen in your place? What prevents people from having the lives they want to live right there? Could your region make more of the opportunities of globalization and new technologies? Did the promises of decentralization in your country fail to deliver better public services and more responsive governments? If these are the questions you are asking yourself, this is the right course for you. It explores the where, who and how of economic development. Please have a look at our list of contents for the coming 8 weeks: 1. What is LED? What drives it? 2. How does globalization shape LED? 3. How does decentralisation affect LED? 4. How does competitiveness affect innovation? 5. What are entrepreneurship and its dimensions? 6. Why are value chains and clusters so important? 7. What are some LED strategies? 8. Your project How will I learn? In each week you will be able to access the content of the videos, suggested readings and additional videos for selective deepening. You will also find assignments that you have to complete if you want to earn a certificate for this MOOC. We will first introduce our “toolkit”, a series of theories and concepts that will help you read the situation in your locality. We will explore the main factors affecting local economic development, such as globalization, decentralisation, and competitiveness. We will discuss key components, like entrepreneurship and innovation and look into the organization of local economies into clusters, value chains and learning regions. We will conclude by deepening on some specific constructs that make local economies grow to benefit their communities. You will also contribute your ideas in the discussion forums, where you will learn from other participants around the world. What makes this course special? There is plenty of information in Internet on local economic development, which is mostly prepared by international donors or multilateral organisations. So what does this course do differently? First of all, the course is offered by academics that have significant published research on local economic development. This course gathers a wealth of academic knowledge that often fights the assumptions on what things are supposed to be like. Second, the instructors of this course have participated in dozens of capacity building projects in Latin America, Asia, Eastern Europe and Africa. Putting learning at the centre, they worked with communities, local governments, international donors and business associations. They often found a significant distance between theory and practice in local economic development, and this has been the basis of learning. Third, the course is acutely aware that each region is different and does not attempt to offer a one-size-fits-all recipe. It singles out key factors that drive local economic development and enables participants to do their own learning process, defining local problems and appropriate solutions. The aim of the course is that participants come up with their own ideas on how to promote local economic development. How will I get a certificate? If you want a certificate for participating in this MOOC, you will need to complete a small assignment each week and participate in the discussion forums. In the end of the MOOC, you will put these contributions together in one final document, your Capstone Project. I hope you find this course exciting and that you get to share our passion for promoting local economic development. Your instructors Dr. Georgina M. Gómez, ISS Prof. Emeritus AHJ (Bert) Helmsing, ISS Dr. Jan Fransen, IHS