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Fundamentals of Economics

Improve your understanding of economic principles in wealth, employment, economic growth, exchange rates, and more.

Economics
Free Course
This free online Economics course will give you a comprehensive, no-nonsense guide to the fundamentals of economics. You will learn about the production, distribution, and consumption of goods and services, and study economic growth, activity, employment, and cost and demand inflation. This course will also teach you about price stability, different markets, the distribution of wealth, and the distribution of income.
  • Duration

    2-3 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Publisher

    XSIQ

Description

Modules

Outcome

Certification

View course modules

Description

This course begins by discussing relative scarcity, efficiency and welfare, cost of choice, and economic system. You will learn that human wants for goods and services can never be fully satisfied because the resources, also known as the factors of production or inputs in the production process, are limited. With this course, you will learn that wants are the material desires of individuals and groups of people that stimulate economic activity as producers try to satisfy them.

You will then study economics and employment and look into the causes, types and effects of unemployment. This course will also discuss the demand curve, the supply chain, and market equilibrium. You will learn that market equilibrium occurs where the quantity demanded of a product equals the quantity supplied and there is neither a shortage nor a surplus of the product. You will also study the Lorenz curve, the Gini coefficient, the poverty line, the distribution of income and wealth, and a whole lot more!

Learn the principles involved in economics with this online course. Upon completion, you will understand the inter-related studies of economics such as microeconomics and macroeconomics. You will also be aware of the characteristics of wants and resources, as well as gain a good knowledge of economic activity through investment, government, exports, income, consumers, budgetary action, exchange rates and many other activities. Take this course today and learn more about the fundamentals of economics now!

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Modules

Economic activity

Economic growth

Economics and employment

Introduction to Economics

The competitive market system

Types of inflation

Wealth and income distribution

Assessment

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. 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.

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certificates for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.

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