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Basics of Economics A Complete Study (Udemy.com)

Learn basics of economics useful for real life application

Created by: Raja Natarajan

Last updated June 2021

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What you will learn

  • Understand What is Economics
  • Understand Difference between Micro Economics and Macro Economics
  • Understand Theory of Demand

How it compares

Against the other 503 rated Udemy courses in Teaching & Academics on CourseDuck:

  • Rating4.4 out of 5higher than 27% of them
  • Reviews250#337 of 504 by number of reviews
  • Length6 hourslonger than 69% of them
  • Last updatedJune 2021earlier than 67% of them

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Course Description

Welcome to course on "Basics of Economics A Complete Study"

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.


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Instructor Details

Raja Natarajan

               I am a Chartered Accountant with tonnes of passion for teaching. 

  I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and 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 Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc. 

      I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc. 

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

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Reviews

4.4

250 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Adelina Lesova on 2/5/2024

Thank you so much for the course! It was really helpful in terms of learning the basics of economics. The mathematics part was a bit challenging but I will review it once again.

By Emran Khan Majlish on 9/30/2021

Presentation quality & knowledge level is excellent. I enjoying .... There is a lot of discussion regarding Demand but discussion of supply is not enough i would like to more about supply too

By Sireesha Vangala on 10/3/2020

I definitely like how the complexity of the fundamental concepts and underlying principles are introduced in a very lay and simple fashion, making them easily accessible.

By Rupsha Bhattacharyya on 7/17/2020

The course is the first formal economics course for me. It introduces very basic concepts. There should be some resources like problem sheets etc and case studies for this course

By Then Arifin on 7/9/2020

I always trust Mr. Raja Natarajan as a great Economy and Financial Guru. I have collected a few courses of Financial and Economy from Mr. Raja and try to gain a knowledge more and more in Financial sector. This economy course provided a lot of basic economy knowledge you need to know.

By Rainier Philip Reyes on 6/14/2020

Hi, I need to voice this out. It is unorganised. here are the ff: 1.) In the concept of utility it did not emphasize where the Indifference curve approach was or is there? I had to figure it out by myself. 2.) In the elasticity of demand, Income elasticity and cross-elasticity was mentioned, but never discussed. 3.) Another thing that was mentioned but was never discussed was the Factors determining elasticity of demand and its importance. 4.) Another thing that was mentioned again but was never discussed were the five fundamental concept in decision making. After discussing the 1st one, incremental Concept, Time concept, Discounting concept, Opportunity cost, Equi-Marginal principle was omitted. out of the 5 only one was discussed. 5.) Mentioning macroeconomics with out at least giving some basics of it for us with zero econ knowledge to at least know the difference. I had to research it myself Good economist but a needs to improve a lot in teaching. Sorry If I had to be upfront. I'm still thankful I'm learning a lot.

By Suresh Menon on 7/13/2018

Very Good and I think even macro economics should also be included, as an extension to these lectures or as separate lectures. Good explanations of concept and interesting. Thanks.

By Chris Malek on 12/17/2017

Everything is explained well and easy to follow thus far. Instructor had a strong grasp of topic and the exercises he performed demonstrated the information well. I will take more courses with this professor in the future.

By Lai Hong Yi on 12/17/2017

The instructor's thick Indian accent makes the whole course very interesting and motivating. His example on the law of diminishing returns regarding apple consumption is very humorous. I never laughed so hard while listening to an Udemy course.

By Mujahid Akram on 1/20/2015

I always loved accounting and hated economics because I didn't know the basics of economics. This course gave me insight info about the economics and now I love Economics. Teaching style is simple and effective. Everything is well knitted and completely explained. Thank you so Much Ca Raja.

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Overall Score : 88 / 100