Applied Economics

——   Created by Sentinel | 9

Learn The Principle of Economics

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Course
48
Lessons
1h 56m
Lesson time
all
Skill levels

More about this course

COURSE OVERVIEW:

This subject has been designed to introduce the fundamental principles of economic theories, models and tools employed by the Government, firms and other stakeholders to manage the economy. The subject examines various micro and macroeconomics topics, including demand and supply model, cost of production, resource allocation, market structures and market failures, macroeconomic indicators such as GDP, economic growth, inflation and unemployment, monetary and fiscal policy, and international trade. In this subject, students will also learn how to analyse the labour market, financial market and global economic issues such as financial and other crises.

LEARNING OUTCOMES:

Upon the completion of this subject, students will be able to:

• Gain a high-level understanding of the basic principles of economics and international trade.

• Analyse and use theories, concepts and tools of economic analysis for applications in the relevant industries.

• Analyse and evaluate the complex forces that affect the economic wellbeing of consumers, producers and the community in the market system.

• Undertake research and apply theoretical and practical knowledge of economics in investigating the issues related to organisations and countries and the formulation of appropriate economic solutions and economic policies.

• Critically evaluate and synthesize information from a wide range of sources to demonstrate research skills, show initiative in consulting the academic literature and demonstrate the capacity to document the outcomes with sound analysis and recommendations.

TIME: Up to 12 Hours

OTHER INFORMATION:

• No prerequisites.

• No materials distributed.

• No formal assessments required.

48 Lessons

Unit 1: General Concepts and Microeconomics
0:03:48
Lecture 1.1: Definition of 'Economy' and 'Economics'
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0:00:40
Lecture 1.2: Economics - Theoretical Foundations
0:00:47
Lecture 1.3: Macro and Microeconomics
0:03:03
Lecture 1.4: Microeconomics / Demand and Supply Analysis
0:01:08
Lecture 1.5: The Law and Time of Supply
0:01:05
Lecture 1.6: Equilibrium
0:01:50
Lecture 1.7: Disequilibrium
0:02:02
Lecture 1.8: Elasticity and Market Efficiency
0:02:39
Lecture 1.9: Elasticity
0:01:44
Lecture 1.10: Factors Affecting Demand Elasticity
0:03:28
Lecture 1.11: Total and Marginal Revenue
0:03:03
Lecture 1.12: Market Structure / Competitive Market
0:05:15
Lecture 1.13: Monopoly
0:02:49
Lecture 1.14: Monopoly and Efficient and Monopolistic Competition
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Class benefits

  • Certificate of Completion
  • 30 day satisfaction guarantee
  • 24/7 streaming access
  • Direct teacher access
  • 1h 56m of on-demand video
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About the instructor

Make the most of your online learning experience with Sentinel | 9.

Sentinel | 9 is now offering educational courses and specialised modules from its industry-leading graduate-level Business program. This package is usually provided via Higher Education partners, where it comes with a Degree upon completion. However, for individuals seeking …

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