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Economics Training Course

Economics Training Course

By Training Express

  • 30 Day Money Back Guarantee
  • Completion Certificate
  • 24/7 Technical Support

Highlights

  • On-Demand course

  • All levels

Description

The best approach for you to have a thorough understanding of economics is through the Economics course brought to you by Training Express. After finishing the course, you'll receive an accredited certificate and instruction from subject-matter experts. We provide you with the course materials that impart all the knowledge and background you need to successfully navigate the complex world of supply and demand, pricing, and manufacturing. It offers a straightforward and concise strategy to succeed in a competitive and proficient financial world.

This course was well thought out and well-researched. Our learners can very quickly grasp each lesson since all the topics are divided into manageable, bite-sized chunks. The Economics Course teaches you everything about the subject in-depth and from the start so you may earn a professional certificate to display your success in the workplace. This Economics Course is a thorough, instructor-led course intended to provide you a thorough grasp of the connected sector's nature and your primary duties within it.

A plethora of information regarding market strategies and cost-effectiveness in every dynamic company sector can be found in our Economics online program. Don't let chance or luck determine your future. Discover how to become a money-making wizard and take advantage of the proper opportunities as they present themselves.

Learning Outcomes

Through taking this course, the learners will be able to learn about:

  • Factors of productivity and laws of opportunity

  • Marketing systems and pricing strategies

  • Avoiding marketing failures and building success will be taught.

  • Budgeting, monopolies, and banking economics

  • Measuring growth and ensure profitability

Key Features of this Course:

  • Instant e-certificate

  • Fully online, interactive course with audio voiceover

  • Developed by qualified professionals

  • Self-paced learning and laptop, tablet, smartphone-friendly

  • 24/7 Learning Assistance

  • Discounts on bulk purchases

Additional Gifts

Free Life Coaching Course

If you're interested in learning more about economics but aren't sure where to start, this course will provide you with a solid foundation to help you advance your career and learn more useful skills. Explore everything Economics has to offer and enter a world of limitless possibilities. Following completion of the Economics course, you'll be equipped with a variety of abilities to secure your ideal job.

You'll have all of your questions addressed and the essential knowledge under your grasp after taking this thorough course. Aside from preparing you for success, taking an economics course has a lot of benefits that will make studying more enjoyable and less stressful. Put this course in your cart to increase your level of competence. In today's competitive world, you need a certain set of talents to succeed in your line of work. You will learn the most in-demand skills to launch your career in this comprehensive training course, as well as how to improve your current knowledge and abilities.

Course Curriculum

Economics

Module 01: An Introduction to Economics

  1. Basic Definitions to Start With

  1. Scarcity and Choice

  1. Goods and Bads

  1. Ceteris Paribus

  1. Definition of Economics

  1. Factors of Production

  1. Categories of Economics

  1. Positive and Normative Economics

  1. Microeconomics and Macroeconomics

  1. Production Possibilities Frontier Framework

  1. The Straight-Line PPF

  1. The Concave-Downward PPF

  1. Law of Increasing Opportunity Costs

  1. A Budget Line

  1. Attainable and Unattainable Combinations

Module 02: The Market System and the Circular Flow Model

  1. The Market System

  1. Characteristics of the Market System

  1. Private Property

  1. Freedom of Enterprise and Choice

  1. Self-Interest

  1. Competition

  1. Markets and Prices

  1. Specialisation

  1. Use of Money

  1. Active, but Limited, Government

  1. The 'Invisible Hand'

  1. The Circular Flow Model

  1. Households

  1. Businesses

  1. Product Market

  1. Resource Market

Module 03: Supply, Demand and Prices

  1. What Is Demand?

  1. The Demand Curve

  1. Individual Demand Curve vs Market Demand Curve

  1. Factors Causing the Demand Curve to Shift

  1. Income

  1. Preferences

  1. Prices of Related Goods

  1. Number of Buyers

  1. Expectations of Future Price

  1. What Is Supply?

  1. The Law of Supply

  1. Factors Causing the Supply Curve to Shift

  1. Prices of Relevant Resources

  1. Technology

  1. Prices of Other Goods

  1. Number of Sellers

  1. Expectations of Future Price

  1. Taxes and Subsidies

  1. Government Restrictions

Module 04: Prices

  1. Two Major Jobs of Price

  1. Price as a Rationing Device

  1. Price as a Transmitter of Information

  1. Price Controls

  1. Price Ceiling

  1. Price Floor

  1. Effects of Price Ceiling

  1. Shortages

  1. Fewer Exchanges

  1. Nonprice-Rationing Devices

  1. Buying and Selling at a Prohibited Price

  1. Tie-In Sales

  1. Effects of a Price Floor

  1. Surpluses

  1. Fewer Exchanges

  1. Absolute Price and Relative Price

Module 05: Elasticity

  1. Introduction to Elasticity

  1. Price Elasticity of Demand

  1. Formula for Calculating Price Elasticity of Demand

  1. From Perfectly Elastic to Perfectly Inelastic Demand

  1. Elastic Demand

  1. Inelastic Demand

  1. Unit Elastic Demand

  1. Perfectly Elastic Demand

  1. Perfectly Inelastic Demand

  1. Price Elasticity of Demand and Total Revenue

  1. Elastic Demand and Total Revenue

  1. Inelastic Demand and Total Revenue

  1. Unit Elastic Demand and Total Revenue

  1. Determinants of Price Elasticity of Demand

  1. Number of Substitutes

  1. Necessities Versus Luxuries

  1. Percentage of One's Budget Spent on the Good

  1. Time

  1. Applications of Price Elasticity of Demand

  1. Large Crop Yields

  1. Excise Taxes

  1. Cross Elasticity of Demand

  1. Income Elasticity of Demand

  1. Price Elasticity of Supply

  1. Price Elasticity of Supply and Time

Module 06: Market Failures

  1. Market Failures in Competitive Markets

  1. Demand-Side Market Failures

  1. Supply-Side Market Failures

  1. Efficiently Functioning Markets

  1. Public Goods

  1. Characteristics of a Public Good

  1. The Free Rider Problem

  1. Externalities

  1. Negative Externalities

  1. Positive Externalities

  1. Internalising Externalities

  1. Persuasion

  1. Taxes and Subsidies

  1. Assigning Property Rights

  1. Voluntary Agreements

  1. Asymmetric Information

Module 07: Production and Costs

  1. The Market and the Firm

  1. Two Sides to Every Business Firm

  1. Explicit and Implicit Cost

  1. Accounting Profit vs Economic Profit

  1. Zero Economic Profit

  1. Production

  1. Long Run vs Short Run

  1. Production in the Short Run

  1. Some Economic Cost Concepts

  1. Average Productivity

  1. Costs of Production: Total, Average, Marginal

  1. Sunk Cost

  1. Economies of Scale, Diseconomies of Scale and Constant Returns to Scale

Module 08: Market Structure: Perfect Competition vs Monopoly

  1. The Theory of Perfect Competition

  1. Demand Curve for a Perfectly Competitive Firm

  1. Marginal Revenue Curve of a Perfectly Competitive Firm

  1. Profit Maximization in the Short Run

  1. To Produce or Not to Produce

  1. Case 1: Price Is Above Average Total Cost

  1. Case 2: Price Is Below Average Variable Cost

  1. Case 3: Price Is Below Average Total Cost but Above Average Variable Cost

  1. The Theory of Monopoly

  1. Barriers to Entry

  1. Legal Barriers

Module 09: Money, Banking and the Financial System

  1. The Meaning of Money

  1. Functions of Money

  1. Money as a Medium of Exchange

  1. Money as a Unit of Account

  1. Money as a Store of Value

  1. Defining the Money Supply

  1. M1

  1. M2

  1. What About Credit Cards?

  1. Commercial Banks

  1. Functions of Commercial Banks

  1. Central Bank

  1. Functions of a Central Bank

  1. The Bank's Balance Sheet

  1. The Financial System

  1. Direct and Indirect Finance

Module 10: Measuring GDP and Economic Growth

  1. GDP Defined

  1. Market Value

  1. Final Goods and Services

  1. Produced Within a Country

  1. In a Given Time Period

  1. The Circular Flow of Expenditure and Income Revisited

  1. GDP Equals Expenditure Equals Income

  1. Measuring UK GDP

  1. The Expenditure Approach

  1. The Income Approach

  1. Nominal GDP and Real GDP

Module 11: Unemployment

  1. Why Unemployment Is a Problem

  1. Lost Incomes and Production

  1. Lost Human Capital

  1. Who Are the Unemployed?

  1. Three Labour Market Indicators

  1. The Unemployment Rate

  1. The Employment Rate

  1. The Economic Activity Rate

  1. Frictional Unemployment

  1. Structural Unemployment

  1. Natural Unemployment

Module 12: Inflation

  1. The Price Level

  1. Why Inflation and Deflation Are Problems?

  1. Redistributes Income

  1. Redistributes Wealth

  1. Computing the Price Level

  1. Reading the CPI Numbers

  1. Constructing the CPI

  1. Selecting and Updating the Basket

  1. The Monthly Price Survey

  1. Calculating the CPI

  1. Measuring the Inflation Rate

  1. The GDP Deflator

Module 13: Income Distribution and Poverty

  1. Economic Inequality

  1. Measuring Income Equality

  1. The Lorenz Curve

  1. The Gini Coefficient

  1. Factors Contributing to Income Inequality

  1. Poverty

Module 14: International Finance

  1. The Foreign Exchange Market

  1. Appreciation and Depreciation of Exchange Rates

  1. The Demand for, and Supply of, Currencies

  1. Demand in the Foreign Exchange Market

  1. Demand Curve for Pounds Sterling

  1. Supply in the Foreign Exchange Market

  1. Supply Curve of Pounds Sterling

  1. Market Equilibrium

  1. Flexible vs Fixed Exchange Rates

  1. The Current System

Module 15: Fiscal Policy

  1. Meaning of Budget

  1. Sources of Government Expenditures and Revenue

  1. Income Tax Structures

  1. Budget Deficit, Surplus, or Balance

  1. Valued-Added Tax

  1. Aggregate Demand

  1. The Aggregate Demand Curve

  1. Changes in Aggregate Demand

  1. Shifts of the Aggregate Demand Curve

  1. Aggregate Supply

  1. Short-Run Aggregate Supply

  1. Short-Run Aggregate Supply Curve

  1. Long-Run Aggregate Supply

  1. Long-Run Aggregate Supply Curve

  1. Changes in Aggregate Supply

Certification

Once you've successfully completed your course, you will immediately be sent a digital certificate. Also, you can have your printed certificate delivered by post (shipping cost £3.99). Our certifications have no expiry dates, although we do recommend that you renew them every 12 months.

CPD

10 CPD hours / points Accredited by CPD Quality Standards

Who is this course for?

  • People who want to start learning economics from scratch.

  • People who want to pursue a career in the relevant field.

  • People who want to take their present careers further.

  • People from other academic disciplines who want to research economics.

  • The ones who are looking to start a business or ways to manage their economic assets.

Career path

Economics is an ever growing field. Our courses will assist the students in pursuing a career in the following sectors:

  • Economic development

  • Economist

  • Investment analysis

  • Economist

  • Insurance risk surveyor

Certificates

Certificate of completion

Digital certificate - Included

Certificate of completion

Hard copy certificate - Included

You will get the hard copy certificates for Free! The delivery charge of the hard copy certificate inside the UK is £3.99 each.

About The Provider

Training Express

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