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The Easiest Beginner level Course on Economics with real life examples and graphic content. Perfect for AS & A-Level.
An excellent training about Social Science
Economics: Demand, Supply & Price Elasticity (AS & A-Level)
Welcome to thisEconomics course on Demand, Supply and Price Elasticity. This course is your first step to build an excellent understanding of Economics. This course is divided into 2 parts: 1) Understanding the Behaviour of Buyers and Sellers – Demand and Supply MechanismThis part is covered in3 sections: i) Demand, ii) Supply, iii) Supply and Demand TogetherIn this part,I will take you through the heart of Economics – Demand and Supply Mechanism (Determined by Buyers and Sellers ) and we will discuss the following topics: What is Demand?Do you demand less when the price of a commodity rises. Yes. Think again! Is your Demand only a function of price?What is supply?What affects supply of a good in the market?We, as buyers, want to pay as low a price as possible; sellers, on the other hand, want to charge as high a price as possible, seems like there are opposite interests here, then who gets to decide the price?How does this price mechanism function?2) Product Pricing Decisions – Price Elasticity of Demand and SupplyThis part is covered in 2 sections: i) Elasticity of Demand, ii) Elasticity of SupplyIn this part, you will understand how to analyse demand and supply with greater precision and the product pricing mechanism. We will go throughthe following topics: What is Price Elasticity of Demand?How much productpricing power do you have?How to calculate Elasticity?What is Price Elasticity of Supply?What affects Price Elasticity of Supply?This course is not only for the students of Economics but for anyone who has an interest in understanding these powerful mechanisms. It is a beginner level course and all the topics and concepts start from scratch, so even if you are not familiar with Economics, you may take this as your first step to understand this powerful subject. All that said, if you would like to discuss something while you are learning, please feel free to start a discussion or PM me. Let’s get started!
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