Economic literacy is a program that provides basic economic education for individuals and small business owners. It is meant to bridge the gap of knowledge of economics between an educated elite and those who still consider economics as reserved for that same elite. It is meant at decreasing the hate of economics and reconcile haters with knowledge. Economics is a difficult science at the academic level, undoubtedly.
This program is not an academic program and is not designed to replace any academic education but rather to bridge the gap of knowledge between academically involved individuals/students and those interested in learning the foundation of economics. One may ask – why should we learn the basics of economics? Or simply why should we care about economics? The reason is simple: you can only afford economic ignorance if you never intend to make another choice! Any choice!
A bon entendeur, salut!
Topics
- Module 1. Introduction
- Definition of economics?
- Difference between micro and macroeconomics
- Scarcity and opportunity costs
- Module 2.
- Factors of production
- What, how and for whom to produce?
- The Production Possibilities curve
- Trade and comparative advantage
- Module 3.
- Substitution and income effect
- Module 4. Elasticity
- Price elasticity of demand
- Income price elasticity
- Cross price elasticity
- Elasticity and revenue
- Module 5.
- Aggregate supply and Agregate demand
- Market equilibrium
- Market structure
- Imperfect information
- Market failures and externalities
- Module 6.
- Gross Domestic Product (GDP & GNP)
- Inflation and CPI
- Unemployment
- Module 7.
- Money and money supply
- Central Bank and Monetary policy.
- Government and Fiscal policy
- Economic Growth
- Module 8.
- International Trade
- Exchange rate