Fundamentals of Micro Economics

The Fundamentals of Micro-Economics course helps you understand the concepts and terminology of a college level first year economics course. You do not need to know mathematical equations to understand the basic concepts presented throughout the course. The use of real-life examples and easy to read graphs makes the content easy to grasp. Upon completing Fundamentals of Micro-Economics, you will have the knowledge and understanding of a beginning economist level. A concluding quiz will examine your comprehension at the end of each lesson.

1. Introduction

What Is A Curve? | Declining Marginal Output | Microeconomics – Macroeconomics

2. Production Possibilities Curve

Production Possibilities Curve | Underuse Of Resources | Three Types Of Costs | Improved and Declining Manufacturing Capability

3. Comparative Advantage

Barter | Using Comparative Advantage To Increase Potential | Consumption | Consumption Possibilities Curve

4. Gross Domestic Product and National Accounts

Added Value | National Income | National Accounts | Gross and Net Investment | GDP | The PPC Curve

5. Demand and Supply

Demand and Supply Curves | Shifting In The Curves | Shifting of The Curves | Market Equilibrium Price | Export and Imports | Interfering of The Government | Elasticity | Types of Markets

6. Household

Savings vs. Shortfall | Lorenz Curve | Taxes | The Consumption Curve

7. The Central Bank

Checking Accounts | What Money Is | Money The Economy | Bank Lending | Loans | Bank Sheets | The Income Statement | Issuing Currency

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