Economics: Mastering Microeconomics 101

About this Course:

This course covers the most important foundation concepts in microeconomics necessary for application in more advanced models. Principles and theories discussed in this course can also be applied in real life decision making. All the important theories models graphs and laws are discussed using high-quality sound and animation. No live recordings of lectures or boring screen-shots of textbook pages!

Mastering Foundations in Microeconomics is a great resource for exam lecture or test preparation. Students can go through all the material chapter by chapter or simply complete selected chapters in which they feel they need additional support.

Examples from everyday life are provided at the end of each chapter as well as multiple choice quizzes to further enhance each student's learning experience regardless of capability.

Basic knowledge:

Students should understand straight line graphs and be able to complete some basic arithmetic

Course Completion Certificate

What you will learn:

• Key foundation concepts and definitions
• How investing in capital leads to economic growth
• How prices are determined by markets
• How to anticipate market outcomes
• How to analyse productivity
• All the important graphs in foundation microeconomics
• How consumers make purchasing decisions
• The laws of demand and supply
• How to visually illustrate economic growth

Curriculum:

• Introduction to Microeconomics
• Choice and Scarcity
• Supply and Demand
• Consumer and Producer Surplus
• Elasticity in Economic Theory
• Consumption Theory (budget lines and indifference curves)
• Production Theory (product and costs)
• Perfect Competition

Simpliv LLC, a platform for learning and teaching online courses. We basically focus on online learning which helps to learn business concepts, software technology to develop personal and professional goals through video library by recognized industry experts or trainers.

Why Simpliv

With the ever-evolving industry trends, there is a constant need of the professionally designed learning solutions that deliver key innovations on time and on a budget to achieve long-term success.

Simpliv understands the changing needs and allows the global learners to evaluate their technical abilities by aligning the learnings to key business objectives in order to fill the skills gaps that exist in the various business areas including IT, Marketing, Business Development, and much more.