Free Online Course in Modern Economics | Alison

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Modern Economics

Take a deeper look at modern economics and learn how it affects countries around the world, with this free course.

Free Course
Economics is a social science that studies how society uses its limited resources. It deals with the production, distribution, and consumption of goods and services. This course will introduce you to modern economics. You will study inflation, deflation, and capacity utilization as well as look into unemployment and the Consumer Price Index (CPI). In addition, you will study the China-US currency situation and China inflation.





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Inflation is often expressed as a percentage and indicates a decrease in the purchasing power of a nation's currency. This course will first discuss inflation. You will learn how it acts as a quantitative measure of the rate at which the average price level of selected goods and services in an economy increases over a period of time. You will then look into its opposite, which is deflation. Deflation is the decline in prices for goods and services and happens naturally when the money supply of an economy is fixed.

The Consumer Price Index (CPI) is used to examine the weighted average of prices of a basket of consumer goods and services. This may include transportation, food, and medical care. This course will discuss the CPI index along with Unemployment Rate. You will then study the data on Chinese foreign assets and Chinese - US balance of payments. You will also look into the effects of floating exchange on China and on the USA.

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. By the end of this course, you will understand how economic decisions taken in one country can dramatically affect the economies of other countries around the world. So check out the course today, start gaining a deeper understanding of modern economic concepts and principles, and the interrelationship of global economies.

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Learning Outcomes

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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