Economics for Entrepreneurs

  • Course provided by Udemy
  • Study type: Online
  • Starts: Anytime
  • Price: See latest price on Udemy
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Course Description

This course introduces some of the concepts in economics that can provide invaluable insights for sellers of products and services. Economics is often dismissed as being an academic or overly theoretical discipline far removed from the realities of this world but in reality we are all affected by market forces that shape up the business climate as well as the economies in which we operate. So without going in to too much technical detail, I go over some concepts and talk about how they can provide us with rich insights and analytical tools to improve our business strategy. Having studied economics as a postgraduate and then venturing out in the world of business, I feel having knowledge of these concepts proved very useful for me over the years. In this course I will talk about the concept of opportunity cost, goals of the firm, the idea of marginal decision making, the practice of price discrimination, how markets are organized / structured, responsiveness of quantity demanded to changes in price and other variables, cost structures of different types of business and what these mean for you, the market forces of supply and demand, the law of diminishing returns and the effect of the economy as a whole on your business.

Who this course is for:

  • Entrepreneurs, Freelancers, Online Sellers, Business Owners, Business Managers

Course content

12 sections • 12 lectures • 35m total length

Instructor

CEO at 'Flairworks'
  • 4.4 Instructor Rating
  • 10 Reviews
  • 789 Students
  • 6 Courses

Hi there. I am an educator with more than 10 years experience of working with schools and universities in the UK, Middle East and South Asia. I am the founder of Flairworks which is an educational organization working towards preparing young people for the future of work. We provide training in entrepreneurship and soft skills as well college and career counselling programs for our students. I guide students about careers, applying to college, self-leadership, personal development and building their lives inside-out.

Please follow me on Instagram: @flair.works


Expected Outcomes

  1. Students will learn 10 key concepts in economics that every entrepreneur must learn! Requirements No pre-requisites Description This course introduces some of the concepts in economics that can provide invaluable insights for sellers of products and services. Economics is often dismissed as being an academic or overly theoretical discipline far removed from the realities of this world but in reality we are all affected by market forces that shape up the business climate as well as the economies in which we operate. So without going in to too much technical detail, I go over some concepts and talk about how they can provide us with rich insights and analytical tools to improve our business strategy. Having studied economics as a postgraduate and then venturing out in the world of business, I feel having knowledge of these concepts proved very useful for me over the years. In this course I will talk about the concept of opportunity cost, goals of the firm, the idea of marginal decision making, the practice of price discrimination, how markets are organized / structured, responsiveness of quantity demanded to changes in price and other variables, cost structures of different types of business and what these mean for you, the market forces of supply and demand, the law of diminishing returns and the effect of the economy as a whole on your business. Who this course is for: Entrepreneurs, Freelancers, Online Sellers, Business Owners, Business Managers Show more Show less Course content 12 sections • 12 lectures • 35m total length Expand all sections Introduction 1 lecture • 2min Introduction Preview 01:48 Opportunity Cost 1 lecture • 3min Opportunity Cost 03:21 Profit Maximizing 1 lecture • 2min Profit Maximizing 02:29 Marginal Decision-making 1 lecture • 2min Marginal Decision-making 02:29 Price Discrimination 1 lecture • 3min Price Discrimination 03:14 Market Structures 1 lecture • 5min Market Structures 04:50 Elasticities 1 lecture • 4min Elasticities 03:51 Cost Structures 1 lecture • 4min Cost Structures 03:30 Supply and Demand 1 lecture • 3min Supply and Demand 03:07 Law of Diminishing Returns 1 lecture • 2min Law of Diminishing Returns 02:08 2 more sections Instructor Hasan Ali CEO at 'Flairworks' 4.4 Instructor Rating 10 Reviews 789 Students 6 Courses Hi there. I am an educator with more than 10 years experience of working with schools and universities in the UK, Middle East and South Asia. I am the founder of Flairworks which is an educational organization working towards preparing young people for the future of work. We provide training in entrepreneurship and soft skills as well college and career counselling programs for our students. I guide students about careers, applying to college, self-leadership, personal development and building their lives inside-out. Please follow me on Instagram: @flair.works Show more Show less Udemy Business Teach on Udemy Get the app About us Contact us Careers Blog Help and Support Affiliate Impressum Kontakt Terms Privacy policy Cookie settings Sitemap © 2021 Udemy, Inc. window.handleCSSToggleButtonClick = function (event) { var target = event.currentTarget; var cssToggleId = target && target.dataset && target.dataset.cssToggleId; var input = cssToggleId && document.getElementById(cssToggleId); if (input) { if (input.dataset.type === 'checkbox') { input.dataset.checked = input.dataset.checked ? '' : 'checked'; } else { input.dataset.checked = input.dataset.allowToggle && input.dataset.checked ? '' : 'checked'; var radios = document.querySelectorAll('[name="' + input.dataset.name + '"]'); for (var i = 0; i (function(){window['__CF$cv$params']={r:'67766c57d9b90676',m:'86b25f7b3f3085f47bba82a31dbc95ce552ef564-1627730278-1800-AefJPx82llajyeGe2oMfU9TIP9+vP/K+9+4KLycz/xpNI8DPXntR3DDc4FgOtuftdLUrjzFtseeGmmdIGb+lrRecjrJtPvppM1gzPEU9kSmOUruuT/29Y65jbs4T9Rdafr/BvgcQLmtv/Rjy+emLvUT4HchuJik9YR33GPaL3UI4',s:[0x9fdfe3c0c0,0xf47e3d80ff],}})();