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Modern Economics

Economics
Free Course

Learn about modern economics and how it effects the economies of countries around the world.

  • Duration

    1-2 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Publisher

    Khan Academy
Description Outcome Certification View course modules

Following the recent global financial crisis there has been a huge increase in people seeking to learn about how economies and modern economic systems work. People now realise that economic decisions taken in one country can dramatically affect the economies of other countries around the world. This course examines in detail economic concepts and principles such as Capacity Utilization Rate, Return on Assets, Gross profits, Cost of Goods Sold, Earnings Before Interest and Taxes, Breakeven point, Aggregate Capacity, Aggregate Demand, and Aggregate Utilization. The course also looks at the rise of the Chinese economy and how it affects the economy of a country like America, for example, in terms of China buying US government bonds and in relation to the Chinese-US balance of payments. The course will be of great interest to finance and business professionals who would like to gain a deeper understanding of modern economic concepts and principles, and to anyone who would like to learn more about how the economies of the world are interrelated.

Learning outcomes: - Understand economic concepts and principles such as Capacity Utilization Rate, Return on Assets, Gross profits, and Cost of Goods Sold; - Understand the principles behind Earnings Before Interest and Taxes, Breakeven point, Aggregate Capacity, Aggregate Demand, and Aggregate Utilization; - Examine the rise of the Chinese economy and how it affects the economy of a country like America;

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