Applied Economics All Modules
6h 40 min! Run Time
Employees
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Provided
What you'll learn
Skills covered in this course
Description
These modules have 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 these modules, students will also learn how to analyze the labor market, financial market and global economic issues such as financial and other crises.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Applied Economics All Modules
Macroeconomics looks at how an entire economy behaves, rather than a single market. This course shows you how to use macroeconomic indicators to analyze and evaluate the factors that affect the economic wellbeing of everyone in the market system.
What this course covers:
- Key indicators such as GDP, economic growth, inflation, and unemployment
- Aggregate demand and aggregate supply, and how they shape the economy
- How national income, output, consumption, savings, and investment connect
- The role of international trade and international finance
- How macroeconomics differs from, and works alongside, microeconomics
This course is for students and professionals who want a clear foundation in how economies grow, change, and affect the people and businesses within them.
Markets do not always allocate resources efficiently. This course explores the sources of market failure and how economic policy, particularly monetary policy, works to keep economies stable.
What this course covers:
- Structural, transactional and natural sources of market failure
- How market failure is addressed in the economic policymaking process
- What monetary policy is and how central banks manage the money supply
- The role of the Federal Reserve and the use of inflation targets
- The core objectives of monetary policy, including currency stability and full employment
Ideal for students of economics and anyone who wants to understand how policy shapes markets.
Currency values and trade rules shape the global economy. This course builds research and application skills for understanding and addressing key international trade issues.
What this course covers:
- Exchange rates and how one currency is valued against another
- Fixed and floating exchange rate systems and how they are maintained
- The role of central banks and foreign reserves
- Interest rates, trade barriers, tariffs, and taxation
Ideal for students and professionals who want a practical grounding in international economics and trade.
This course explores the major sub-branches of economics and how each one applies to real research and decision making.
What this course covers:
- Financial economics, including asset pricing and corporate finance
- International economics and transaction cost economics
- Labour economics and environmental and energy economics
- How financial econometrics and mathematical finance model these relationships
Grounded in microeconomics and decision theory, for students building applied understanding of economics under uncertainty.
Description: The course introduces the fundamental principles of economic theories, models and tools employed by the Government, firms and other stakeholders to manage the economy. It examines various microeconomic topics, including: demand and supply models; cost of production; resource allocation; market structures; elasticity and market efficiency.
Background: The economy encompasses everything related to the production and consumption of goods and services in an area. The economy and the factors affecting the economy have spawned one of the largest fields of study in human history - economics. The study of economics can be broken into two major areas of focus, microeconomics and macroeconomics.
Understanding at least the basic mechanisms of a nation's economy is essential if one is to be a better-informed citizen and voter. Economic fluctuations can affect all or specific industries and, as such, the stability of your job. Further, knowledge of the economy may influence your choice of careers or encourage a decision to change occupations. Additionally, having an understanding of how the economy works can help in making sound investment choices.