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Provided by: 123-CBT Computer Based Training Economics The Principles of Economics |
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Training
Provided by 123-CBT Computer Based Training
In Economics: The Principles of Economics you will learn about some of the broad issues and concepts that make up the field of economics. Beginning with some basic definitions, the course builds to introduce economic systems and the concepts of scarcity and wants and how these impact economies. It also places some of its focus on the US economy in general and the Federal Reserve Bank in particular.
Learn To
Audience
This course is aimed at Managers, Directors, and Project Leaders.
Deployment Options
e-Learning
Accreditation
NASBA credits: 3 CPE Credits
CEU credits: 0.30 CEUs
Language Options
US English
Total Learning Time
2 to 4 hours
Objectives
Unit 1: Introduction to Economics and the Economy (1 - 2 hours)
Unit 2: Economic Markets (1 - 2 hours)
Learn To
- Define economics.
- State the economic problem of scarcity and choice.
- Identify the Laws of Supply and Demand.
- Identify how price is determined in the marketplace.
- Identify the role of capital and how it affects productivity.
- Identify two types of economic inflation.
- Recognize the key elements of US economic performance.
Audience
This course is aimed at Managers, Directors, and Project Leaders.
Deployment Options
e-Learning
Accreditation
NASBA credits: 3 CPE Credits
CEU credits: 0.30 CEUs
Language Options
US English
Total Learning Time
2 to 4 hours
Objectives
Unit 1: Introduction to Economics and the Economy (1 - 2 hours)
- State the economic problem of scarcity and choice.
- State the main principles of economics.
- Distinguish between microeconomics and macroeconomics.
- Distinguish between economic analysis and economic policy.
- Identify three types of economic system.
- Explain how gains from trade are made.
- Name the three properties of economic goods.
- Identify two types of economic inflation.
- Identify some typical causes of unemployment.
- Simulation Overview:
- In this simulation, you will meet Ronald Spear, a senior economist with Icon International, to discuss the main ideas that guide economic thinking, how people interact and make decisions, and how the economy works as a whole. Ronald will be asking you questions about the main economic principles, economic analysis and policy, factors of production, and economic growth.
Unit 2: Economic Markets (1 - 2 hours)
- Compare Public and Private Goods.
- Identify the Laws of Supply and Demand.
- Identify how price is determined in the marketplace.
- Recognize the causes of market failure.
- Identify the factors of production.
- Identify the role of capital and how it affects productivity.
- Recognize the production possibility frontier.
- Simulation Overview:
- In this simulation, you will be meeting with Sara Hernandez, a senior economist with Icon International, to discuss supply and demand, prices, predicting markets, the factors of production, and the production possibility frontier. Sara will be asking you questions to assess your knowledge of these areas.
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Economics The Principles of Economics
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About The Training Provider: 123-CBT Computer Based Training
123-CBT Computer Based Training - 123-CBT offers discount pricing on top quality eLearning
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