get app

    Basics of Economics A Complete Study

    BY
    Udemy

    Brochure Enquire
    Mode

    Online

    Fees

    ₹ 2699

    Quick Facts

    particular details
    Medium of instructions English
    Mode of learning Self study
    Mode of Delivery Video and Text Based

    Course and certificate fees

    Fees information
    ₹ 2,699
    certificate availability

    Yes

    certificate providing authority

    Udemy

    The syllabus

    Introduction to Economics

    • Introduction
    • Wealth and Welfare Definition of Economics
    • Economics Scarcity Definition
    • Economics Growth Definition

    Economics Classification

    • Micro Economics
    • Macro Economics

    Economic Analysis and Laws

    • Methods of Economic Analysis
    • Economic Laws
    • Human Wants
    • Characteristics of Wants Part I
    • Characteristics of Want Part II
    • Classification of Wants
    • Significance of Classification of Want
    • Utility - Total Utility and Marginal Utility
    • Law of Diminishing Marginal Utility (DMU)
    • Importance of Law of DMU
    • Criticism of Law of DMU
    • Law of Equi Marginal Utility
    • Limitations of Law of EMU

    Demand and Supply

    • What is Demand?
    • Law of Demand
    • Demand Schedule & Demand Curve
    • Individual Demand and Market Demand Schedule
    • Market Demand Curve
    • Exceptions to law of Demand
    • Extension and Contraction of Demand
    • Shifts in Demand (Increase / Decrease in Demand)
    • Factors determining Demand
    • Introduction to Elasticity of Demand
    • Price Elasticity of Demand

    Introduction to Business Economics

    • Introduction
    • Economic Theory and Business Practices

    Decision Making Process in Business

    • Decision Making in Business
    • Fundamental concepts in Decision Making followed by Incremental Concept
    • Incremental and Marginal Concepts

    Price Determination in Different Markets

    • Market
    • Classification of Markets
    • Types of Market Structure
    • Total Revenue, Average Revenue and Marginal Revenue
    • Determination of Prices in Open Market
    • Increase in Demand and new Equilibrium Point
    • Decrease in Demand and new Equilibrium Point
    • Features of Perfect Market
    • Price determination in perfect market

    Why, What, How, When Of Price Determination in Different Markets

    • Why Total Revenue Curve of a price taking firm is an Upward Sloping Straight Lin
    • What is the relation between Market Price, AR and MR of Price taking firm?
    • What is Market Equilibrium?
    • When do we say there is excess demand for commodity?
    • When do we say there is excess SUPPLY for commodity?
    • What will happen if Market Price greater or less than Equilibrium Price?
    • How price is determined in a perfectly competitive market?
    • How equilibrium price and quantity affected due to change in Income?
    • How increase in price of shoe affect sales of socks?
    • How change in price of coffee affects sales of tea?
    • How change in price of inputs affect equilibrium?
    • Effect of Rightward shift in Demand and Supply Curve on Equilibrium Price and Qu

    Perfect Competion

    • Perfect Competition Pure Competition
    • Why firms in Perfect Competition are Price taker?
    • Effect on equilibrium Price

    Monopoly Market

    • What is Monopoly
    • Features of Monopoly
    • Different ways of Creating monopoly
    • Monopolistic Competition & its Features

    Budget and Budget line

    • Budget Set and Budget line
    • How to draw Budget line

    Elasticity of Demand

    • Price Elasticity of Demand
    • Impact on Demand for Change in Price
    • Determinants of Price Elasticity of Demand
    • Different type of Price Elasticity of Demand
    • Total Expenditure Method
    • Geometric or Point Method
    • Percentage or Proportionate Method

    Cost and Revenue

    • Cost and Cost function
    • Money cost and Real Cost
    • Opportunity Cost, accounting & Economic Cost
    • Private Cost Social cost
    • Fixed cost and variable Cost
    • Short run Average Cost Curve
    • Marginal Cost

    Final Section

    • Bonus Lecture

    Instructors

    Mr Raja Natarajan

    Mr Raja Natarajan
    instructor
    Freelancer

    Other Bachelors, Other Masters

    Trending Courses

    Digital Marketing Courses Fashion Design Courses Data Science Courses Interior Design Courses Graphic Designing Courses Cyber Security Courses Nursing Courses Tally Courses Data Analysis Courses Web Designing Courses Artificial Intelligence Courses Ethical Hacking Courses Free Digital Marketing Courses And certifications Free Artificial Intelligence Courses And Certifications Free Data Analysis Courses And Certifications Free Cyber Security Courses And Certifications Free Data Science Courses And Certifications Free Cloud Computing Courses And Certifications Free Python Courses And Certifications Free Fashion And Textiles Courses And Certifications Free Graphic Designing Courses And Certifications Free Web Designing Courses And Certifications

    Popular Courses

    General Management Courses Public Health Courses Teaching and Education Courses Financial Management Courses Web Development Courses Mathematics Courses Programming Courses Cyber Security Courses Data Science Courses Law Courses Digital Marketing Courses Leadership Courses Explore all courses

    Popular Platforms

    upGrad Courses Udemy Courses Edx Courses Swayam Courses Coursera Courses Futurelearn Courses Mindmajix Technologies Courses Vskills Courses NPTEL Courses IIT Kharagpur Courses Emeritus Courses IIT Kanpur Courses Explore all platforms

    Learn more about the Courses

    10 Reasons to Enrol Yourself in a Digital Marketing Course 8 Must-Have Skills for AWS Cloud Architects Planning to Upskill Yourself? Enrol for a Program in Data Science 25+ Tips for Improving Your Graphic Design Skills Top Universities in India Offering Cyber Security Courses 15+ Courses for Learning Data Mining How to Make a Career in the Field of Artificial Intelligence Top 10 Benefits Of Holding A Certification In Business Intelligence Which are the best certification courses for Photography in India A Beginner's Guide to Pursue Python Programming Want to Pursue a Career in Blockchain Technology? Here is all that you need to Know How Entrepreneurs Can Use Machine Learning to Make their Business Successful? The Scope of Artificial Intelligence in India Top 10 Online Courses for Travel Lovers 10 Best Certification Courses After Hospital and Healthcare Management
    Providers
    Close

    Download the Careers360 App on your Android phone

    Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

    Careers360 App
    150M+ Students
    30,000+ Colleges
    500+ Exams
    1500+ E-books