Introduction to Economics
Learn about fundamental aspects economics such as GDP, economic growth capital accumulation and the economics of ideas in this free online course.
This free online cert course teaches you the fundamentals of economics. It covers a wide range of topics such as GDP, the wealth of nations and economic growth, capital, accumulation and the economics of ideas. The course will be of great interest to anyone who wants to make a career out of business or economics or simply wants to learn more about how the financial side of the world works. So make sure you start your learning today.
What You Will Learn In This Free Course
GDP
In this module, learn how to calculate gross domestic product.Then, learn about GDP per capita and how this formula can give insight into the habits and abilities of the population. Lastly, learn two approaches for analysing gross domestic product, the national spending approach, or the factor income approach.
The Wealth of Nations and Economic Growth
In this module, learn about real GDP per capita. Once you understand real GDP per capita, you can begin to understand the wealth of nations and the disparities between them. Learn about innovationism, coastlines, the economic puzzle, and how these factors relate to economic growth.
Growth, Capital, Accumulation, and the Economics of Ideas
In this module, learn about the Solow Model, which states that economic growth is a result of physical capital, human capital, and ideas. Learn the difference between cutting-edge growth and catching-up growth, which type of growth comes as a result of ideas, and which grows at a faster rate. Finally, learn about incentivization of ideas through patents, prizes, and subsidies.
Course assessment
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