Foundations of Economics

Unlock the fundamental principles that govern how societies allocate resources and make decisions, from individual choices to global markets. This course will equip you with a foundational understanding of economic theory, enabling you to interpret current events, evaluate policy, and think critically about financial landscapes. What you'll learn: Understand core microeconomic principles like scarcity, opportunity cost, supply, and demand. Explore fundamental macroeconomic concepts including GDP, inflation, and unemployment. Analyze the functions of different market structures and their impact on competition. Examine the role of fiscal and monetary policy in national economies. Evaluate the basic principles of international trade and global economic interactions. Apply economic reasoning to interpret current events and personal financial decisions. The course begins with foundational definitions and concepts, progressing through microeconomic principles, then macroeconomics, and concluding with an overview of global economic systems and policy applications. This course is designed for absolute beginners with no prior knowledge of economics, providing a clear and accessible entry point to the subject. Begin your journey to economic literacy today.