Courses can be taken to achieve a variety of purposes: They can serve as remedial or foundational classes, they might be taken to gain valuable skills, or they could be chosen simply to pursue an interest.
Those who study economics first and foremost learn the differences between microeconomics and macroeconomics. Microeconomics involves the behavior of individual markets, such as households and firms, and their interactions. Macroeconomics, on the other hand, involves looking at the entire economy as a whole.
The United States of America commonly called the United States, is a federal republic consisting of fifty states and a federal district. The 48 contiguous states and the federal district of Washington, D.C. are in first North America between Canada and Mexico. The state of Alaska is in northwestern North America, west of Canada and east of Russia across the Bering Strait, and the state of Hawaii is an archipelago in the mid-North Pacific. The country also has five populated and nine unpopulated territories in the Pacific and the Caribbean.
Course Online in Economics in North America
See the world through the lens of economics and gain the knowledge and skills to craft successful business strategy. [+]
Understanding concepts of economics—willingness to pay any price, fixed versus variable costs, economies of scale—is critical to business success. This course starts with the fundamentals of supply and demand—where they come from and why they're central to an understanding of business. You will learn how businesses think about pricing and production and powerful ideas like complements and network effects that firms rely on to generate demand. This course also dives into the functioning of markets, the force of competition, and strategies for differentiation.
In the process of exploring these ideas, you will learn how to develop the beginnings of a competitive strategy that will lead to a business thriving over time.... [-]