Overview

DescriptionTake the next step in your career! Whether you're an up-and-coming professional, an experienced executive, aspiring manager, budding Professional. This course is an opportunity to sharpen your micro and macroeconomic theory capabilities, increase your efficiency for professional growth and make a positive and lasting impact in the business or organization.With this course as your guide, you learn how to:All the basic functions and skills required for Micro and Macro economics theory.Transform to the Introduction to Microeconomics, The Concept of Equilibrium, Consumer Theory-Cardinal Utility Analysis. Ordinal Utility Theory: Indifference Curve Approach, The Revealed Preference Theory of Demand. Theory of Demand and Elasticity of Demand,Learn useful case studies, understanding Introduction of Macroeconomics. National Income: Concept of National Income. Economic Welfare and National Income. Sectorial Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Theory of Consumption Function. Relative Income HypothesisInvest in yourself today and reap the benefits for years to come.The Frameworks of the Course· Engaging video lectures, case studies, assessment, downloadable resources and interactive exercises. This course is created to Learn about Introduction to Microeconomics, The Concept of Equilibrium, Consumer Theory-Cardinal Utility Analysis. Ordinal Utility Theory: Indifference Curve Approach, The Revealed Preference Theory of Demand. Theory of Demand and Elasticity of Demand, Recent Developments in Demand Theory. Production Function and Law of Production.Introduction of Macroeconomics. National Income: Concept of National Income. Economic Welfare and National Income. Sectorial Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Theory of Consumption Function. Relative Income Hypothesis. Permanent Income and Life Cycle HypothesisThe course includes multiple Case studies, resources like formats-templates-worksheets-reading materials, quizzes, self-assessment, film study and assignments to nurture and upgrade your Macroeconomic and Microeconomics theory.· In the first part of the course, you'll learn the details of the Introduction to Microeconomics, The Concept of Equilibrium, Consumer Theory-Cardinal Utility Analysis. Ordinal Utility Theory: Indifference Curve Approach, The Revealed Preference Theory of Demand. Theory of Demand and Elasticity of Demand, Recent Developments in Demand Theory. Production Function and Law of Production. Theory of Cost and Revenue. Isoquant Curve, Iso-cost Line. Concepts of Revenue, Pricing Under Perfect Competition. Theory of Monopoly Firm. Theory of Monopolistic Competition. Theory of Oligopoly.· In the second part of the course, you'll develop the knowledge related to Macroeconomics. National Income: Concept of National Income. Economic Welfare and National Income. Sectorial Accounting, Classical Theory of Employment, Keynesian Theory of Employment, Theory of Consumption Function. Relative Income Hypothesis. Permanent Income and Life Cycle Hypothesis, the Investment Function. The Theory of Acceleration, Demand of Money: Quantity Theory of Money, Keynesian Approach, Contribution of Baumol and Tobin. Restatement of Friedman's Quantity Theory of Money. Money Supply: Definition and Importance of Money. Money Multiplier and Credit Creation by Commercial Banks. IS - LM Analysis. Equilibrium in Product and Money Market. Effect of Monetary Policies Under Different Cases in IS-LM Framework. Effect of Fiscal Policies Under Different Cases in IS-LM Framework. Inflation. Phillips Curve Analysis, Trade Cycles: Meaning and Types. The Super-Multiplier of the Multiplier Accelerator Interaction. Kaldor's Theory of Trade Cycle Contents. Monetary PolicyCourse Content:Part 1Introduction and Study Plan(Microeconomics Theory).· Introduction and know your Instructor· Study Plan and Structure of the Course1. Introduction to Microeconomics theory1.1. Introduction1.2. Microeconomy- meaning, its scope.1.3. Importance of Microeconomics2. The Concept of Equilibrium2.1. Introduction, Meaning.2.2. Static Equilibrium2.3. Dynamic Equilibrium2.4. General Equilibrium3. Consumer Theory-Cardinal Utility Analysis3.1. Introduction.3.2. Total Utility, TUx= f(Qx)3.3. Significance of the Difference between Total Utility and Marginal Utility3.4. Law of Diminishing Marginal Utility3.5. Importance of the Law3.6. Criticisms of the Law4. Ordinal Utility Theory: Indifference Curve Approach4.1. Introduction4.2. What is an Indifference Curve?4.3. Assumptions of Indifference Curve Analysis4.4. Consumer's Equilibrium4.5. Effect of Change in Commodity Price on Consumer's Equilibrium4.6. Income Effect4.7. Substitution Effect4.8. How Slutsky's Approach Differs from Hicks' Approach4.9. Price Consumption Curve4.10. Difference between Demand Curve and Price Consumption Curve4.11. Income Consumption Curve4.12. Engel's Curve4.13. Criticism of Demand Theory5. The Revealed Preference Theory of Demand5.1.Introduction5.2.The Law of Demand6. Theory of Demand and Elasticity of Demand6.1.. Introduction6.2. Elasticity of Demand6.3. Normal Situations of Price Elasticity of Demand6.4. Total Outlay or Total Expenditure Method6.5. Factors Determining the Price Elasticity of Demand6.6. Cross Elasticity of Demand6.7. Importance of Price Elasticity of Demand7. Recent Developments in Demand Theory7.1. Introduction.7.2. Limitations of Demand Functions7.3. The Linear Expenditure System7.4. Direct and Indirect Utility Functions7.5. Lancaster's Attributes or Characteristics Demand Theory7.6. Critical Appraisal of Lancaster's Demand Theory8. Production Function and Law of Production8.1. Introduction8.2. Fixed and Variable Inputs or Factors of Production8.3. Causes of Diminishing Returns to a Factor8.4. Importance of the Law9. Theory of Cost and Revenue9.1. Introduction9.2. Why is MC Curve ‘U' Shaped?10. Isoquant Curve, Iso-cost Line10.1. Introduction10.2. Difference between Isoquant Curves and Indifference Curves11. Concepts of Revenue.11.1. Introduction11.2. Concepts of Revenue Under Different Market Conditions12. Pricing Under Perfect Competition12.1. Introduction, Equilibrium Price12.2. Comparison between Market Price and Normal Price13. Theory of Monopoly Firm13.1. Introduction.13.2. Features of Monopoly13.3. Types of Price Discrimination13.4. Degrees of Price Discrimination13.5. Dumping13.6. Multi-plant Monopoly14. Theory of Monopolistic Competition14.1. Introduction14.2. Characteristics of Monopolistic Competition14.3. Long-Run Equilibrium in Monopolistic Competition14.4. Excess Capacity14.5. Empirical Evidence14.6. Non-price Competition14.7. Selling Costs15. Theory of Oligopoly15.1. Introduction15.2. Features of Oligopoly15.3. Classification of Oligopoly15.4. Firm-Created Causes15.5. Why Bigness? Or What Causes the Emergence of Oligopoly?16. AssignmentPart 2Introduction and Study Plan(Macroeconomics Theory).· Introduction and know your Instructor· Study Plan and Structure of the Course1. Introduction of Macroeconomics1.1. Introduction1.2. Salient points on the Difference between Microeconomics and macro economics1.3. What do we study in Macroeconomics?1.4. Major Macroeconomic Issues1.5. Growth and Development1.6. Employment1.7. Business cycle1.8. Macroeconomic Targets and Instruments2. National Income: Concept of National Income2.1. Introduction2.2. Private Income2.3. Personal Income3. Economic Welfare and National Income3.1. Introduction3.2. Relation between Economic Welfare and National Income3.3. National Income as a Measure of Economic Welfare4. Sectorial Accounting4.1. Introduction.4.2. Private Sector4.3. The Government Sector4.4. The importance of social and national accounting5. Classical Theory of Employment5.1. Introduction5.2. Keynes' Criticism of Classical Theory6. Keynesian Theory of Employment6.1. Introduction.6.2. Aggregate Demand6.3. Comparison of Classical and Keynesian Theory of Employment7. Theory of Consumption Function7.1. Introduction7.2. Absolute Income Hypothesis8. Relative Income Hypothesis8.1. Introduction.8.2. Relative Income Hypothesis's Criticisms9. Permanent Income and Life Cycle Hypothesis9.1.Introduction.10. Investment Function10.1. Introduction10.2. Marginal Efficiency of Capital, Supply Price of Capital Asset11. The Theory of Acceleration11.1. Introduction.12. Demand of Money: Quantity Theory of Money12.1. Introduction, what is Value of Money?13. Keynesian Approach13.1. Introduction13.2. Keynesian Theory Related with Money and Prices13.3. Superiority of Keynesian Approach14. Contribution of Baumol and Tobin14.1. Introduction14.2. Baumol's Inventory Theoretical Approach14.3. It's Superiority over Keynesian Theory15. Restatement of Friedman's Quantity Theory of Money15.1. Introduction15.2. Friedman's Theory15.3. Forms of Assets15.4. Friedman Vs Keynes16. Money Supply: Definition and Importance of Money16.1. Introduction17. Money Multiplier and Credit Creation by Commercial Banks17.1. Introduction17.2. Limitations of Credit Creation17.3. Competitive Banking and Credit Expansion17.4. How does Money Get into the Economy? 18. IS - LM Analysis18.1. Introduction19. Equilibrium in Product and Money Market19.1. Introduction19.2. Simultaneous Equilibrium in Product and Money Market19.3. How would Equilibrium be Achieved?20. Effect of Monetary Policies Under Different Cases in IS-LM Framework20.1. Introduction.21. Effect of Fiscal Policies Under Different Cases in IS-LM Framework21.1. Introduction22. Inflation22.1. Introduction22.2. On the basis of rate of Inflation:22.3. Inflationary Gap22.4. Effects on Production and Economic Activities22.5. Effects on Distribution of Income22.6. Other Effects22.7. Control of Inflation22.8. Fiscal Measures23. Phillips Curve Analysis23.1. introduction23.2. Friedman's View: The Longrun Phillips Curve23.3. Criticism23.4. Rational Expectations and the Phillip Curve24. Trade Cycles: Meaning and Types.24.1. Introduction24.2. Types of Trade Cycles24.3. Theories of Business Cycles24.4. Hicks's Theory of Trade Cycle25. The Super-Multiplier of the Multiplier Accelerator Interaction25.1. Introduction26. Kaldor's Theory of Trade Cycle Contents26.1. Introduction26.2. Stabilisation Policies or Measures to Control Trade Cycles27. Monetary Policy27.1. Introduction, Meaning of Monetary Policy28. Assignments· Introduction to Microeconomics· Microeconomics Examples or Case Studies· Microeconomics sample project· Introduction to Macroeconomics· Macroeconomics Examples or Case Studies· Macroeconomics sample project

Skills

Reviews