Introduction to Economics: Micro Principles and Data Analysis

Many people find economic theory abstract and intimidating, but understanding basic principles is crucial for navigating modern society and policy discussions. This course provides a solid, accessible foundation in both introductory microeconomics and the statistical tools necessary to interpret economic indicators and data sets. Upon completion, you will possess the foundational knowledge required to understand how markets function and how economic data is collected and analyzed. What you'll learn: * Understand the fundamental problem of scarcity and the operation of the Production Possibility Frontier (PPF). * Master the concepts of consumer demand, producer supply, and how equilibrium is established in various market structures. * Apply basic statistical methods—including measures of central tendency and dispersion—to analyze raw economic data. * Learn how to construct and interpret Index Numbers and calculate basic correlation between economic variables. * Practice applying microeconomic models to analyze the impact of policy changes such as price ceilings, price floors, and basic taxation. The course begins by establishing core definitions and statistical methods essential for data analysis, then transitions into the fundamental theories of consumer behavior, production, and market dynamics. Practical, written exercises are integrated throughout to reinforce theoretical understanding. This course is designed for absolute beginners and requires no prior knowledge of economics, statistics, or complex mathematics. Start building your economic literacy today.