Economics 10 Principles

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Learn how to apply 10 principles of economics to every day life decisions whether its professional or personal.

Last updated 2022-01-10 | 4.4

- An overview of what Economics is all about based on individual decision making
- interaction on the market
- and how the economy works.
- At the end of the course
- students will be able to make better decisions
- have a deeper understanding of they make their own decisions
- how people interact on the market and how the economy as a whole works by using these ten simple tools.

What you'll learn

An overview of what Economics is all about based on individual decision making
interaction on the market
and how the economy works.
At the end of the course
students will be able to make better decisions
have a deeper understanding of they make their own decisions
how people interact on the market and how the economy as a whole works by using these ten simple tools.

* Requirements

* The desire and awareness to learn Economics
* This course focuses on the basic concepts to summarize Economics in the most simplest way
* therefore it doesn't require you to come from an Economics background.

Description

Economics is summarized in 10 principles with fun examples. 10 Principles of Economics give you an overview of what Economics is all about. In order to understand the importance and the usage of the economics tools in our decision making process, interaction with each others in the market and how they shape countries' economic status will be introduced through these 10 principles of Economics. These tools will make you a better decision maker in your personal or professional life and will increase your awareness towards your economic surroundings. 

Who this course is for:

  • This course is designed for people who are not coming from economics background, or just started studying Economics or studied Economics but forgot most of it.
  • You can be a student in high school or university, an entreprenur, a lawyer, a banker, an engineer or even an astranout.

Course content

4 sections • 11 lectures

Welcome to the course 1 lectures

Introduction Preview 04:06

How People Make Decisions 4 lectures

Principle 1-" Trade offs" - I wanna buy a Gucci bag but I also wanna save up all Preview 09:31

Principle 2 - "Opportunity cost" - You'll all buy tomatoes online soon! Preview 02:47

Principle 3 - "Rational people & margin" - In order to lose weight, would you Preview 06:35

Principal 4 - "Incentives" - I bought this jeans on sale, I'm sure I'll wear it Preview 04:54

How Do You Interact With People? 3 lectures

Principle 5 - "Trade" - I get to run outside while the lovely cleaning lady Preview 03:49

Principle 6 - "Markets" - Invisible hand is the magic but not a unicorn Preview 03:05

Principal 7 - "Property rights & market failure" - When markets fail, government Preview 07:28

How does the Economy work? 3 lectures

Principal 8 - "Productivity" - What is the main reason that an average American Preview 02:48

Principal 9:"Inflation" - The result of government printing TOO MUCH money. Preview 02:41

Principal 10: "Business cycles" -Inflation scares unemployment for a short-term Preview 04:08