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Essentials of economics

 

All necessary reference material required to prepare for this course such as recommended reference books and other study material will be available in your student's area. To complete the program you will be required to pass an online exam for all following topics covered in this course.

          Topics Covered in This Course:
  In Section 1 of this course you will cover these topics:
    Scarcity, choice, and opportunity costs.
    How a market economy works: the price system.
  In Section 2 of this course you will cover these topics:
    Market demand, supply, and elasticity.
    Information, internet, e-commerce, and financial markets.
  In Section 3 of this exam you will be evaluated on below listed topics:
    Costs and productivity.
    Competitive markets.
  In Section 4 of this course you will cover these topics:
    Monopoly, oligopoly, and strategy.
    The labor market: wages, employment, and unemployment.
  In Section 5 of this course you will cover these topics:
    Saving, investment, and interest rates.
    Government spending, taxation, and deficits.
    Macroeconomic issues: economic growth and the business cycle.
    Aggregate supply and aggregate demand.
    Money and banking.
    Inflation.
    Macro stabilization policy.
    International trade and globalization.
    The international monetary system.



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