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Provided by: Serebra Learning Corporation Introduction to Economics Basic Concepts in MicroeconomicsUnfiled |
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Training
Provided by Serebra Learning Corporation
Basic Concepts in Microeconomics builds on the general principles introduced in The Principles of Economics by introducing the learner to microeconomic concepts and issues. Such things as market behavior and decision-making, consumer choice and preference and the factors that motivate firms are covered across a range of informative lessons situated in real-life scenarios. This course is aimed at Managers, Directors, and Project Leaders.
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Introduction to Economics Basic Concepts in Microeconomics
Audience
This course is aimed at Managers, Directors, and Project Leaders.
Topics
Unit 1: Market Behavior
- Plot the effects of changes in price on a demand curve.
- Plot the effects of a change in price on a supply curve.
- Explain the effects of an increase in both demand and supply.
- Explain the effects of a decrease in demand and an increase in supply.
- Explain the effects of an increase in demand and a decrease in supply.
- Outline Elastic Demand / Supply.
- Outline Inelastic Demand/ Supply.
- Calculate Price Elasticity of Demand and plot the curve.
- Identify the effect of price change on TR.
- Simulation Overview.
Unit 2: The Logic of Consumer Choice
- Account for Labor Demand in the Market.
- Account for Labor Supply in the Market.
- Explain Utility and the Law of Diminishing Marginal Utility.
- Show how a change in price affects the household budget line.
- Show how a change in income affects the household budge
Objectives
Upon completion of this course, the student will be able to:
- Plot the effects of changes in price on a demand curve.
- Plot the effects of a change in price on a supply curve.
- Outline the main forms of Elasticity.
- Show consumption possibilities on a household budget line.
- State the relationship between the household budget line and the indifference curve.
About The Training Provider: Serebra Learning Corporation
Serebra Learning Corporation - Serebra Learning Corporation provides technology-based training solutions through a combination of Cortex, its proprietary learning management system (LMS), and a curriculum catalog with over 1,825 current courseware titles. Founded in 1987 (as FirstClass Systems, with a name change to Serebra in 2001), Serebra has over sixteen years" experience delivering e-learning solutions to both...
