Fundamentals of Economics: Micro Theory and Data Analysis

Economics shapes policy, business, and daily life, yet the foundational concepts often seem abstract. This course provides a clear, structured introduction to the essential theories that govern markets and individual decision-making. By the end of this program, you will possess a robust understanding of foundational microeconomic theory, enabling you to analyze supply and demand dynamics, evaluate different market structures, and confidently interpret common economic measurements and reports. What you'll learn: * Understand fundamental economic problems, scarcity, and the concept of opportunity cost. * Analyze the forces of supply, demand, and elasticity, and predict market equilibrium shifts. * Master consumer behavior theory, utility maximization, and producer theory including cost and revenue structures. * Examine various forms of market competition, including perfect competition, monopoly, and oligopoly. * Practice basic statistical techniques to interpret economic data, indices, and graphical representations. The material begins with core definitions and terminology before moving into detailed analysis of consumer and producer theory. The final sections focus on analyzing market structures and applying quantitative methods to economic data. This course is designed exclusively for absolute beginners in economics or anyone seeking a comprehensive refresher on foundational microeconomic concepts. No prior knowledge of economics, advanced mathematics, or statistics is required. Start building your essential economic literacy today.