Foundations of Economics

Do you ever wonder how prices are set, why governments make certain financial decisions, or what drives global markets? Economics provides the framework to understand these complex systems. This course will equip you with a solid understanding of fundamental economic theories and concepts, enabling you to critically analyze economic news, policy, and personal finance decisions. What you'll learn: * Learn the basic principles of scarcity, choice, and opportunity cost * Understand microeconomic concepts, including supply, demand, and market equilibrium * Explore macroeconomic topics such as GDP, inflation, unemployment, and economic growth * Analyze different market structures and the role of competition * Apply foundational economic models to understand real-world scenarios and policy impacts * Grasp the basics of fiscal and monetary policy and their effects on the economy The course begins with essential definitions and progresses through the core theories of microeconomics and macroeconomics, building your knowledge step-by-step. This course is designed for absolute beginners with no prior knowledge of economics, providing a clear and accessible introduction to the subject. Start your journey to understanding the economic forces that shape our lives today.