Economics: Fundamentals of Demand and Supply Analysis

Economics: Fundamentals of Demand and Supply Analysis

This course will help students understand:

1. Difference between Microeconomics & Macroeconomics.

2. Types of markets in an economy: Factor Markets & Goods Markets.

3. Demand & Supply: Basic Principles & Concepts.

   1. The Demand Function and Demand Curve.

   2. Changes in Demand vs. Movements along the Demand Curve.

   3. The Supply Function and the Supply Curve.

   4. Changes in Supply vs. Movements along the Supply Curve.

4. Consumer Surplus: Value minus Expenditure.

5. Producer Surplus: Revenue minus Variable Cost.

6. Elasticity.

Establish a strong foundation in the basics of Demand & Supply Analysis

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What you will learn

• Introduction to Economics.
• Types of Markets: Goods Markets & Factor Markets.
• Demand & Supply Principles & Concepts.

Rating: 4.6875

Level: Beginner Level

Duration: 2.5 hours

Instructor: Muhammad Abdul Rahim