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Fundamentals of Economics


Fundamentals of Economics

Fundamentals of Economics

Improve your understanding of the principles involved in economics


Students: 15,057
Course Description

This free online course offers a comprehensive, no-nonsense guide to economics. Topics include the production, distribution and consumption of goods and services as well as economic growth and activity, employment, the market economy, inflation, wealth, and income distribution.
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This course is suitable for people studying business and economics or anybody with an interest in economics and current affairs.


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Certification

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to your Diploma certificate will then appear under the My Certificates heading of your My Account page.

Learning Outcomes

On completing this course you will know the principles involved in economics. You will understand the inter-related studies of economics such as microeconomics and macroeconomics.
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You will be aware of the the characteristics of wants, resources, the scarcity of these resources, our choices, costs and economic systems. You will gain a good knowledge of economic activity through investment, government, exports, income, consumers, budgetery action, exchange rates and many other activities. You will know all about economic growth, employment, competitive markets, inflation, wealth and income distribution.
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Module Title
Introduction to Economics
Economic activity
Economic growth
Economics and employment
The competitive market system
Types of inflation
Wealth and income distribution
Assessment

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Background  
Course Rating (By Learners)
Course Title Fundamentals of Economics
Course # 199
Course Publisher XSIQ
Course Category 2
Content Origin Australian School Curriculum
Course Description 

This free online course offers a comprehensive, no-nonsense guide to economics. Topics include the production, distribution and consumption of goods and services as well as economic growth and activity, employment, the market economy, inflation, wealth, and income distribution.


This course is suitable for people studying business and economics or anybody with an interest in economics and current affairs.

License 
Release Date 18 April 2013
   
Content  
Course Duration (Avg Learner) 2-3 Hours
Video/Audio None
Audio Only Low
Animation Low
Assessments Yes
 
Education Level
Age appropriateness 16+ Years
Minimum Grade/Class Level Post-Secondary
 
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download Yes
Parchment Yes
Framed Certification Yes
   
Merchandise Availability Yes
Marketing Information
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Course Forum  View

Study for Free at Your Own Pace! Start This Course

  • Max Robinson United Kingdom Very good 2015-02-22 19:02:22
  • Tim Abbott United Kingdom A good, concise course for the beginner that outlines the subject well and gives the basis for further study. 2015-02-20 02:02:37
  • Sarah W. United States of America I liked this course, but wish it had more information and several quizzes other than just the assessment at the end. 2015-02-19 23:02:57
  • DubTwista . United Kingdom As a novice, I found this to be a useful course, though not without it's problems. - Examples can be confusing, even inaccurate... E.G. In the 'Elasticity' topic of the 'Competitive Markets' Module. The answer to 60/40 is given as 1.25 when the answer is 1.5. - Linguistically, the course is inconsistent, using terms which are not used again later in the course. As a novice I found it difficult to be certain that I was understanding within the correct context. - The hyperlinks provided to help define certain terms did not work for me but it's great they they were thought of. If they don't work for others, I would recommend using Investopedia.com's dictionary to define the terms you need. - I also found that there was quite a large gap between the use of some terminology and the explanation of it. For example: Types of Unemployment/Income & Elasticity. It wasn't until 3 or modules after the first use of this term that it was explained - bit unfortunate if you;re taking notes as you go... I would recommend reading through first, then making your notes. All-in-all, though, it has furthered my understanding of the topic, and for a free course I would recommend it. :) 2015-02-05 14:02:30
  • hannah garner United Kingdom Good, fairly straightforward introduction to economics. 2015-01-19 20:01:40
  • Abhishek Verma India Great course to brush up the knowledge on basics 2015-01-10 13:01:59
  • Charlie Kulda Papua New Guinea The fundamentals of Economics Course talks about production and consumption of goods and services and also trading of goods and services based on supply and demand in a certain geographical location. 2015-01-08 22:01:42
  • Devan Crean United States of America For someone who's only had the tiniest of introduction to economics previously, this was incredibly informative. I definitely learned a great deal. 2015-01-06 20:01:54
  • Charles Holmes United Kingdom In depth and well structured 2014-12-29 20:12:50
  • Cherita Sarpong Ghana Very very useful. great learning. Thanks. 2014-12-06 22:12:56
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Free, Online Fundamentals of Economics Course.