Introduction to Economics
Online
DURATION
1 up to 3 Hours
LANGUAGES
English
PACE
Full time, Part time
APPLICATION DEADLINE
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EARLIEST START DATE
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TUITION FEES
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STUDY FORMAT
Distance Learning
* free course
Introduction
Learn the fundamentals of economics in this free online certificate course. This free online cert course teaches you the fundamentals of economics. It covers a wide range of topics such as GDP, the wealth of nations and economic growth, capital, accumulation and the economics of ideas. The course will be of great interest to anyone who wants to make a career out of business or economics or simply wants to learn more about how the financial side of the world works. So make sure you start your learning today.
This Free Online Course Includes:
- 1.5-3 Hours of Learning
- CPD Accreditation
- Final Assessment
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Curriculum
Macroeconomics refers to the study of an economy as a whole. If you’re interested in knowing more about how your national economy functions, this course is an excellent choice. The course begins by discussing gross domestic product (GDP), explaining what it is, nominal vs real GDP and the standard of living, and how GDP is analyzed through national spending.
The course then moves on to talk about the wealth of nations, looking at the basic facts of wealth and how growth rates are crucial. It also explores innovations and looks at both growth miracles and disasters, exploring what contributes to the former and what can cause the latter. The course also discusses the importance of institutions' geography and economic growth.
Finally, the course moves on to introduce you to the Solow Model and how it helps to distinguish cutting-edge growth. It also teaches you about the economics of ideas, human capital and how the incentivization of ideas through patents, prizes and subsidies can help growth. This course is an excellent choice for those studying economics, teachers of economics, or anyone who is interested in macroeconomics.
- Module 1: GDP
- Module 2: The Wealth of Nations and Economic Growth
- Module 3: Growth, Capital, Accumulation, and the Economics of Ideas
- Module 4: Course Assessment
Program Outcome
What You Will Learn In This Free Course
- Define gross domestic product
- Differentiate between nominal gross domestic product and real gross domestic product
- Explain how health, happiness, and education relate to real GDP per capita
- Explain innovationism and how it occurs
- Describe the pieces that make up the “economic puzzle”
- Explain how growth rates explain wealth disparities between different countries
- Explain the purpose of the Solow model
- Explain the characteristics of cutting-edge growth and catching-up growth
- Explain how human capital, physical capital, and ideas contribute to growth
Knowledge & Skills You Will Learn
- Economics
- Finance
- Macroeconomics
- Corporate Finance
- SDG 17 Partnerships For The Goals