4+ Areas

10+ Concepts

Key Concepts

GDP (Gross Domestic Product)

Total value of all goods and services produced in a country during a period

Interest Rate

Cost of borrowed money or return on invested money

General and continuous increase in prices of goods and services

Study Areas

Microeconomics

Study of individual behavior of consumers and firms

  • Supply and demand
  • Elasticity
  • Production costs
  • Market structures

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Macroeconomics

Analysis of economy on national and global scale

  • GDP and economic growth
  • Inflation and unemployment
  • Monetary policy
  • Fiscal policy

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Application of economic principles in business

  • Cost analysis
  • Pricing strategies
  • Investment decisions
  • Competitiveness

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International Economics

Trade and finance in global context

  • International trade
  • Exchange rates
  • Balance of payments
  • Globalization

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Developed Economics

Economic growth and development of nations

  • Development indicators
  • Poverty and inequality
  • Sustainable development
  • Development policies

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Labor market and employment relations

  • Labor supply and demand
  • Wages and productivity
  • Unemployment
  • Human capital

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Political Economy

How politics shapes economic outcomes

  • Government and markets
  • Public policy and regulation
  • Inequality and redistribution
  • Institutions and economic development

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Econometrics

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Why Study Economics?

Understand the World

Comprehend how markets, governments and society work

Career

Economic knowledge is valued in various professional fields

Make more informed decisions about your life and business

Explore the world of economics

Access educational materials and resources to deepen your knowledge

Democratizing knowledge about finance, economics and related topics.

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