[Udemy Course] Complete Introduction to Economics for Beginners 2021 by Muhammad Muzaffar

What you’ll learn

Basic Concepts of Economics

Understanding Between Goods and Services

Concepts, Laws, Functions and Shifting of Demand and Supply

Equilibrium of Demand and Supply

Elasticity, Representation and Find Price Elasticity of Demand with Examples

Income Elasticity and Cost Elasticity

Measurement of Financial Effectiveness, Time Value of Money, Present Value and Future Value with Examples

Profitability Index(PI),Measurement, Interpreting and Application of (PI) with Examples

Payback Period for Investments

Internal Rate of Return and its Advantages and Disadvantages

Economic Indicators

Depreciation and Depletion and Comparing both of them in detail

Economic Thoughts (Classical, Non Classical Thoughts and Keynesian Economists)

Ten (10) Principles of Economics By Gregory Mankiw

Understand Production Analysis in Detail

Revenue, Profit and Cost Analysis with Examples

Business and forms of Businesses (Sole Proprietorship, Partnership, Corporation, Franchising, Mergers, Joint Venture, Acquisition)

About this Course Economics | Basics to Advanced Level|

This course was recorded for university students for making them professionals in economics. As some of the students are not from the economics background so in this course we start from a very scratch level to clear their concepts. You can check out the preview lectures every topic is explained in very detail.

In this course, we start from very basic level concepts of economics to advanced level. The course is carefully designed and structured in the simplest way to give you an understanding of Basics to Advances Concepts of Economics, Demand and Supply Analysis, Elasticity Concepts in Economics, High-Level Concepts of Economics for Professionals, Depreciation Depletion, Economic Thoughts, Ten(10) Principles of Economics, Revenue, Profit and Cost Analysis, Businesses and Form of Businesses, Linear Programming In Economics

Course Content

Basic Concepts of Economics

Economics, Agents of Economics

D- Economic System, E-Slope in Economics, Slope in Economics, F Variables

Engineering Economics, Economics VS Engineering Economics, Goods and Services

Types of Goods, Types of Services, Terminology, and Symbols

Demand and Supply

Concepts of Demand And Quantity Demanded

Law of Demand, Functions of Demand, Shifting of Demand

Supply, Types of Supply Schedules and Curves, Factors Affecting Supply

Law of Supply, Increase or Decrease in Supply with Examples

Equilibrium of Demand and Supply, Effect of Shift in Supply Demand with Algebra

Goods in Economics

Elasticity

Elasticity, Representation and Find Price Elasticity of Demand with Example

Representation and Find Price Elasticity of Supply, Income Elasticity

Measurement of Income Elasticity and Cross Elasticity

Advanced Concepts of Economics

Measurement of Financial Effectiveness, Time Value of Money, Present Value

Future Value with Examples

Profitability Index(PI), Measurement of PI, Interpreting and Application of PI

Examples of Profitability Index

Payback Period, Significance of Payback Period, Examples of Payback Period

Net Present Value, Acceptance Rule of Net Present Value

Examples of Net Present Value (1-5)

Examples of Net Present Value (6-10)

Internal Rate of Return (IRR), Advantages and Disadvantages of IRR

Measurement of Financial Effectiveness, TYM

Environment and Economics, Engineering Economics Decisions

Economic Indicators

Depreciation and Depletion

Depreciation, Factors in Computing Depreciation (Characteristics, need, causes)

Depreciation Methods

Comparing Depreciation Methods, Depletion, Cost Determination and Depletion

Differences Between Depreciation and Depletion

Economic Thoughts

Economic Thoughts, Classical Thoughts

Non-Classical Thoughts, Keynesian Economists

The Principles of Economics By Gregory Mankiw

Ten(10) Principles of Economics

Production Analysis

Production, Types of Production

Factors of Production

How These Factors are Interconnected, Economics of Scale

Revenue, Profit and Cost (Cost Analysis)

Revenue, Profit, Cost,

Types of Costs

Cost Formulas

Return to scale, Practice Problems

Practice Problems

Businesses

Business, Forms of Businesses (Sole Proprietorship, Partnership

Forms of Businesses Continue (Corporation)

Forms of Businesses Continue (Franchising, Mergers)

Forms of Businesses Continue (Joint Venture)

Forms of Businesses Continue (Acquisition )

Linear Programming in Economics

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