Economics: Fundamentals of Demand and Supply Analysis

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

This course will help students understand:

What you’ll learn

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

Course Content

• Introduction –> 19 lectures • 2hr 25min.

Requirements

• The willingness and desire to Learn..
• Be able to read and understand the English language..

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.