Complete Introduction to Economics- Basic to Advanced Level

Complete Introduction to Economics- Basic to Advanced Level

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What you’ll learn:
  • Basic Concepts of Economics
  • Understanding Between Goods and Services
  • Concepts, Laws, Functions and Shifting of Demand and Supply
  • Equilibrium of Demand and Supply
  • Elasticity, Representation and Find Price Elasticity of Demand with Examples
  • Income Elasticity and Cost Elasticity
  • Measurement of Financial Effectiveness, Time Value of Money, Present Value and Future Value with Examples
  • Profitability Index(PI),Measurement, Interpreting and Application of (PI) with Examples
  • Payback Period for Investments
  • Internal Rate of Return and its Advantages and Disadvantages
  • Economic Indicators
  • Depreciation and Depletion and Comparing both of them in detail
  • Economic Thoughts (Classical, Non Classical Thoughts and Keynesian Economists)
  • Ten (10) Principles of Economics By Gregory Mankiw
  • Understand Production Analysis in Detail
  • Revenue, Profit and Cost Analysis with Examples
  • Business and forms of Businesses (Sole Proprietorship, Partnership, Corporation, Franchising, Mergers, Joint Venture, Acquisition)

About this Course Economics | Basics to Advanced Level|

This course was recorded for university students for making them professionals in economics. As some of the students are not from the economics background so in this course we start from a very scratch level to clear their concepts. You can check out the preview lectures every topic is explained in very detail.

In this course, we start from very basic level concepts of economics to advanced level. The course is carefully designed and structured in the simplest way to give you an understanding of Basics to Advances Concepts of Economics, Demand and Supply Analysis, Elasticity Concepts in Economics, High-Level Concepts of Economics for Professionals, Depreciation Depletion, Economic Thoughts, Ten(10) Principles of Economics, Revenue, Profit and Cost Analysis, Businesses and Form of Businesses, Linear Programming In Economics

Course Content

Basic Concepts of Economics

  1. Economics, Agents of Economics
  2. D- Economic System, E-Slope in Economics, Slope in Economics, F Variables
  3. Engineering Economics, Economics VS Engineering Economics, Goods and Services
  4. Types of Goods, Types of Services, Terminology, and Symbols

Demand and Supply

  1. Concepts of Demand And Quantity Demanded
  2. Law of Demand, Functions of Demand, Shifting of Demand
  3. Supply, Types of Supply Schedules and Curves, Factors Affecting Supply
  4. Law of Supply, Increase or Decrease in Supply with Examples
  5. Equilibrium of Demand and Supply, Effect of Shift in Supply Demand with Algebra
  6. Goods in Economics


  1. Elasticity, Representation and Find Price Elasticity of Demand with Example
  2. Representation and Find Price Elasticity of Supply, Income Elasticity
  3. Measurement of Income Elasticity and Cross Elasticity

Advanced Concepts of Economics

  1. Measurement of Financial Effectiveness, Time Value of Money, Present Value
  2. Future Value with Examples
  3. Profitability Index(PI), Measurement of PI, Interpreting and Application of PI
  4. Examples of Profitability Index
  5. Payback Period, Significance of Payback Period, Examples of Payback Period
  6. Net Present Value, Acceptance Rule of Net Present Value
  7. Examples of Net Present Value (1-5)
  8. Examples of Net Present Value (6-10)
  9. Internal Rate of Return (IRR), Advantages and Disadvantages of IRR
  10. Measurement of Financial Effectiveness, TYM
  11. Environment and Economics, Engineering Economics Decisions
  12. Economic Indicators

Depreciation and Depletion

  1. Depreciation, Factors in Computing Depreciation (Characteristics, need, causes)
  2. Depreciation Methods
  3. Comparing Depreciation Methods, Depletion, Cost Determination and Depletion
  4. Differences Between Depreciation and Depletion

Economic Thoughts

  1. Economic Thoughts, Classical Thoughts
  2. Non-Classical Thoughts, Keynesian Economists
  3. The Principles of Economics By Gregory Mankiw
  4. Ten(10) Principles of Economics

Production Analysis

  1. Production, Types of Production
  2. Factors of Production
  3. How These Factors are Interconnected, Economics of Scale

Revenue, Profit and Cost (Cost Analysis)

  1. Revenue, Profit, Cost,
  2. Types of Costs
  3. Cost Formulas
  4. Return to scale, Practice Problems
  5. Practice Problems


  1. Business, Forms of Businesses (Sole Proprietorship, Partnership
  2. Forms of Businesses Continue (Corporation)
  3. Forms of Businesses Continue (Franchising, Mergers)
  4. Forms of Businesses Continue (Joint Venture)
  5. Forms of Businesses Continue (Acquisition )

Linear Programming in Economics


1. Watch the Preview video

2. Watch the sample lectures

3. Thoroughly read this course description

4. Be fully aware that this course was recorded for University Students Only Enrol if you find this Course Helpful.

Who this course is for:
  • IB students
  • A Level and AP students
  • You can be a student in high school or university, an entrepreneur, a lawyer, a banker or an engineer
  • This course is designed for people who are not coming from economics background, or just started studying Economics or studied Economics but forgot most of it
  • Anyone wanting to progress from Beginner to Advanced in Economics

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