Basics of Economics (College Level)
- 1x (Normal)
Wealth and Welfare Definition of Economics4:57
Economics Scarcity Definition3:20
Economics Growth Definition5:16
Methods of Economic Analysis5:39
Charecteristics of Wants Part I5:05
Charecteristics of Want Part II3:19
Classification of Wants2:40
Significance of Classification of Want2:17
Utility - Total Utility and Marginal Utility5:53
Law of Diminishing Marginal Utility13:06
Importance of Law of DMU3:17
Criticism of Law of DMU3:52
Law of Equi Marginal Utility9:27
Limitations of Law of EMU1:43
About This Class
Welcome to course on "Economics for Accounting and Finance Professionals"
Finance, Accountancy and Economics are three different business subjects but with inter dependence, similarities and of course distinct differences.
If one has to excel in any of the above one domain (Finance / Accountancy / Economics) he should have strong understanding of main domain and basic understanding of other two domains.
Hence, this course will provide basic knowledge on Economics for Finance and Accounting Professionals.
So, what is Economics is all about?
Its about making choices.
Its not just about money.
It is about weighing different choices or alternatives.
So, there are variety of modern definitions for economics. Some of the differences may reflect evolving views of the subject or different views among economists
By studying Economics, you will understand two fundamental facts;
a) Human beings have unlimited wants; and
b) The means of satisfying these wants are relatively scarce
and the above form the subject matter.
By taking this course, you will learn
i) What is Economics
ii) Definition and Scope of Economics
iii) Nature of Economics
iv) Methods of Study of Economics
v) Economic Problems
vi) Theory of Demand
vii) Law of Demand
viii) Expansion and Contraction of Demand
ix) Demand Curve
x) Elasticity of Demand
Based on students engagement level, further courses will be added on the topics like
Theory of Production and Cost, Price Determination in Different Markets, etc.
This course is structured in self paced learning style.
You will experience virtual class room with black / green board writing and lectures with supporting lectures.
Take this course to understand the basics of Economics.
I am a Chartered Accountant with tonnes of passion for teaching.
I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam,India. and I teach 100+ Finance, Accounts, Costing, Banking, Credit Analysis, Statistics, etc. in Skillshare.
I also hold
- Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune
- Bachelors in Commerce, from Loyola College, Chennai.
I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice.
During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in
a) Financial Analysis
b) Risk Assessment
c) Viability Study
d) Evaluating business models
e) Project Finance
f) Working Capital Management, etc.
I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like
a) Project Finance
b) Credit Risk Assessment
c) Entrepreneurship Development
d) Finance for Non Finance Executives
e) Burning Desire for Entrepreneurship
I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.