Full course description
What you'll learn:
In business, at every turn, a choice has to be made about the allocation of limited resources. Almost every day economic decisions are made that could have a big impact on the success of a company.
This course will give you an understanding of the fundamental principles of economics, some of the factors that drive economies, and how economics shape the business environment. You will likely learn more about economics as you continue your work life. This course, however, will be an excellent introduction and give you some tools to think about the impact of economics of not only your work life, but your daily life as well.
Note: This course is not facilitated by an instructor, therefore no one is monitoring activity in the course. If you have a question or need help as you progress, please refer to the help section within the course.
- Underlying issues of economics-dealing with scarcity
- Understand what defines a market economy
- Identify factors that impact demand
- Identify factors that impact supply
- Analyze how the interaction of demand and supply determines an equilibrium price
- Recognize measures of the health of an economy
- Identify aspects of the cyclical behavior of economies
Who this course is designed for:
Anyone in business or any field who is looking to understand the fundamentals of economics and how it impacts businesses daily.
What you'll receive:
A Certificate of Completion
Meet the instructor
Dave Wells, PhD
Dave Wells, Sr. Lecturer, holds a doctorate in Political Economy and Public Policy and is one of the foremost public policy experts on Arizona state budget policies areas. He’s done economic impact analyses of Medicaid Expansion under the Affordable Care Act, estimated the impact of Prop. 206 that raised the Arizona’s minimum wage in 2016, demonstrated how improved investments in K-12 spending can improve the state’s economic growth, and provided key research that has helped lead to movements to improve transparency and accountability in Arizona’s charter school sector. He has made numerous appearance on local media related to these issues.