Core Principles of Economics: Microeconomics and Macroeconomics

Do you want to understand the forces that drive markets, influence government policy, and shape your financial world? Economics is the study of scarcity and choice, providing essential context for everyday decisions. This course provides a robust, text-based foundation in core economic principles, enabling you to confidently interpret news, evaluate policy debates, and approach business decisions with a critical, informed perspective. What you'll learn: * Understand the core concepts of scarcity, opportunity cost, and rational decision-making in economic models. * Analyze supply, demand, elasticity, and different market structures, including perfect competition and monopolies. * Define and calculate key macroeconomic indicators like GDP, inflation, unemployment, and national income. * Examine the tools and impacts of both fiscal policy (government spending) and monetary policy (central banking). * Apply basic behavioral economic principles to explain deviations from purely rational consumer choice. * Practice analyzing current events using established economic frameworks and terminology. The course begins by establishing foundational microeconomic theories and models, then transitions into the study of aggregate behavior, national income determination, and the mechanics of economic policy. The material includes practical examples and written exercises to solidify understanding. This course is designed for absolute beginners, students, or professionals seeking a comprehensive introduction to economic principles. No prior knowledge of finance, business, or mathematics beyond basic algebra is required. Start building your economic literacy today.