Enroll Course: https://www.coursera.org/learn/principles-of-economics-intro
Economics, the study of choice in a world of scarcity, is a foundational discipline that impacts everything from personal decisions to global policy. If you’re looking to build a career in business, law, accounting, or investment, a solid understanding of economic principles is invaluable. Coursera’s ‘Principles of Economics: Introduction – Getting to Know You’ is the perfect starting point for anyone seeking to grasp these fundamental concepts.
This course, adapted from an introductory economics course at Rice University, offers a clear and accessible dive into both microeconomics and macroeconomics. The syllabus is thoughtfully structured, beginning with the very definition of economics and its core tenets in Module 1. It then progresses logically, exploring the fundamental building blocks of markets, demand, and supply in Module 2. A key concept, elasticity, is explained in detail in Module 3, highlighting how sensitive market forces are to changes in their determinants.
Module 4 delves into the crucial interaction between market dynamics and government policy, specifically examining price controls and taxes. The course then shifts to welfare economics in Module 5, where it evaluates market performance and the conditions for efficient resource allocation. Finally, Module 6 tackles externalities and different types of goods, relaxing the assumption of perfectly competitive markets to explore real-world scenarios and the potential role of government intervention. The journey through these modules provides a comprehensive introduction to the essential ideas that shape our economic landscape.
I highly recommend ‘Principles of Economics: Introduction – Getting to Know You’ for its clarity, logical progression, and practical relevance. It’s an excellent foundation for anyone new to the subject or looking to refresh their understanding of core economic principles.
Enroll Course: https://www.coursera.org/learn/principles-of-economics-intro