Foundational Economics: Micro and Macro Principles

Economics governs everything from daily purchases to global trade, yet its principles often seem complex and inaccessible. This course breaks down the fundamental concepts you need to navigate the financial world. By the end of this course, you will have a solid working knowledge of how markets operate, how governments and central banks influence the economy, and the key terminology used in economic analysis. You will move from passively consuming financial news to actively understanding the forces shaping the world economy. What you'll learn: * Understand the core concepts of scarcity, opportunity cost, and rational decision-making in microeconomics. * Master the mechanics of supply and demand, elasticity, and how different market structures affect price setting. * Analyze key macroeconomic indicators like GDP, inflation, and unemployment, and their implications for national policy. * Apply knowledge of monetary and fiscal policies, including modern central banking tools, to evaluate government interventions. * Learn basic concepts from behavioral economics regarding common decision-making biases and their impact on market outcomes. The course begins with foundational definitions and the principles of microeconomics, gradually building up to the complex models and policy tools of macroeconomics. We focus on reading concise explanations and practicing concepts through written exercises. This course is designed for absolute beginners with no prior knowledge of economics, finance, or statistics. Start your journey toward economic literacy today.