The Foundations of Microeconomics
Overview
Begin your journey to understanding economics by learning the foundations of microeconomics. You'll understand the relationship between firms and individuals, and the decisions they make.
Unlock info
This program section will unlock once you have completed ‘Advanced Fibonacci Concepts Masterclass’ and had adequate time to complete any practice modules.
What You’ll Learn
- Lesson 1: Welcome to Stage 17
- Lesson 2: Economic Activity
- Lesson 3: The Factors of Production
- Lesson 4: Making Choices
- Lesson 5: Markets and Allocation of Resources
- Lesson 6: Economic Sectors
- Lesson 7: Specialisation, Division of Labour, and Exchange
- Lesson 8: Demand for Goods and Services
- Lesson 9: Supply for Goods and Services
- Lesson 10: Equilibrium Price
- Lesson 11: Intermarket Relationships
- Lesson 12: Price Elasticity of Demand
- Lesson 13: Price Elasticity of Supply
- Lesson 14: The Objectives of a Business
- Lesson 15: Business Costs
- Lesson 16: Business Revenue and Profit
- Lesson 17: Production and Productivity
- Lesson 18: Economies of Scale
- Lesson 19: The Importance of Market Structures on Producers and Consumers
- Lesson 20: Competitive Markets
- Lesson 21: Non-Competitive Markets
- Lesson 22: The Labour Market
- Lesson 23: Misallocation of Resources
- Lesson 24: Externalities
Course Category
Fundamental Analysis
Duration
1:15
Assignments