Foundations of Microeconomics and Global Economy

Economics shapes nearly every decision we make, from the price of groceries to global trade agreements. This course provides the foundational knowledge necessary to understand the forces driving markets and nations. By the end of this course, you will possess a robust analytical framework for interpreting microeconomic concepts and understanding the complex dynamics of the world economy, allowing you to critically evaluate economic news and policy. What you'll learn: Understand the fundamental concepts of supply, demand, and elasticity that govern market prices. Analyze various market structures, including perfect competition, monopoly, and oligopoly, and their impact on efficiency. Learn the principles of consumer behavior and firm decision-making regarding production and cost optimization. Master the mechanics of international trade, comparative advantage, tariffs, and currency exchange rates. Grasp basic concepts of behavioral economics and how psychological factors influence market outcomes. Apply foundational economic models to analyze real-world policy decisions and global economic events. The course begins by defining core microeconomic terminology and concepts before moving into detailed analysis of market structures and firm strategies. The final sections focus on applying these principles to understand global economic interactions, trade policies, and macroeconomic dynamics. This course is designed for absolute beginners with no prior experience in economics or finance. All concepts are introduced clearly and built upon step-by-step. Begin your journey toward economic literacy today.