Economics is important, both at home and at work. In this course, you will discover what economics is and
how it is related to company profit and consumer choices. You will also learn about scarcity and how consumer
choices impact economics.
Estimated completion time (hours): 1.2
Estimated completion time (hours): 1.2
Objectives
By the end of this course, you will be able to do the following:- Identify how economics affects your life in practical ways
- Describe what economics is and how it helps you make more informed decisions at home and work
- Summarize key economic terms
- Analyze the relationships between free market systems, profit, and competition
- Distinguish between the roles of consumers and stockholders in free markets
- Describe the value of sharing ideas and its effect on productivity and profit
- Describe how managers and front-line employees work together to improve productivity and profits
Estimated Time (Hrs): 1.2
Language: English