Learn Economics from scratch, ECO05

Partner: Udemy
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Description: Learn Economics from the scratch, ECO05 is the last of my five course series of Economics.Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources and how they interact with each other in producing and maintaining livelihoods. The subject ‘Economics’ is intellectually fascinating and challenging. The discipline of economics has mainly two important features. First, economists develop conceptual models of behaviour to predict responses to changes in policy and market conditions. Second, they often perform statistical analysis to investigate these changes. Early economists like Physiocrats and Mercantilists were advisors to the rulers of their time. In the present time, economists are everywhere – from performing advisory functions to policy formulations. They also contribute to the development of many other public policies traversing across a wide dimension of subjects including health care, climate change, social welfare, school reforms, labour market dynamics, economic development and efforts to reduce inequality, poverty, unemployment, regional disparity, pollution etc. Technology, economic institutions, peoples’ preferences and biology are some of the important determinants of economic outcomes. Economists aspire for a better world where their subject will secure conditions in which all the people flourish and live with happiness.Historically, economic theory emerged from the political economy. The crisis in the Great Depression in 1930s triggered a fertile period of scientific ferment and revolution in economic theory. Keynesian school recommended that the problems of underdevelopment can be solved by extension of government activities. Thereafter many economic theories came to the fore to explain the real world. For example, we may take the theory of general equilibrium which concerns the way in which apparent economic disorder gives rise to an orderly system and how it is that seemingly independently made decisions, all mo
Category: Teaching & Academics > Social Science > Economics
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Price: 19.99
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Source: Impact
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