• Instructor: Hans Vogt
• Lectures: 44
• Students: 435683
• Duration: 20 weeks

This diploma program content synthesizes the core principles of microeconomics and macroeconomics, providing a comprehensive overview of fundamental concepts, market dynamics, and policy frameworks. Economics is presented as the study of choices necessitated by scarcity—the conflict between unlimited wants and limited resources. The foundational principles include opportunity cost, production possibilities, and the benefits of specialization based on comparative advantage.

Market behavior is governed by the forces of supply and demand, which determine equilibrium prices and quantities. The responsiveness of these forces to change is measured by elasticity. Government intervention in markets can occur through price floors and ceilings, which create artificial shortages or surpluses.

Macroeconomics examines the economy as a whole, with performance measured by key indicators such as Gross Domestic Product (GDP), inflation, and unemployment. The interplay of aggregate supply and aggregate demand determines national income and price levels. Governments utilize fiscal policy (spending and taxation) and central banks employ monetary policy (controlling the money supply and interest rates) to stabilize the economy, combat recessions, and control inflation.

Microeconomics focuses on the decision-making of individual households and firms. Consumer choice is driven by the principle of maximizing utility, while firm behavior is dictated by profit maximization, which occurs where marginal revenue equals marginal cost. The competitive landscape is defined by four primary market structures: perfect competition, monopoly, monopolistic competition, and oligopoly, each with distinct characteristics regarding competition, pricing power, and long-run profitability. The government’s role in microeconomics includes correcting market failures such as externalities, providing public goods, and addressing income inequality.

International economics extends these principles to a global scale, where trade between nations is driven by comparative advantage, leading to greater overall efficiency and consumption possibilities. Trade can be hindered by protectionist measures like tariffs and quotas, and is facilitated by a system of currency exchange rates determined by international supply and demand.

Economics Micro and Macro Diploma Course is based on textbook learning material by Academy Europe.

Study Hard AND Study Smart!

Dear Students,

The textbook courses by Academy Europe are targeted at providing the students with the most important aspects of the theoretical and methodical materials. In addition, the textbook courses will also focus on the philosophical background for the development and use of the theoretical background and are thus to be understood as partly complementary to the material of the course notes. It is assumed and strongly suggested that the students study and become familiar with the course notes.

Empower Academy Europe

Join Academy Europe social media channels on Youtube, Facebook, Linkedin, Twitter and more. Share and like them by using your social media accounts.

Facebook: www.facebook.com/academyeurope

Twitter: https://twitter.com/academyeurope
Youtube: www.youtube.com/c/academyeurope

Linkedin: https://www.linkedin.com/company/academy-europe/

Certification

Academy Europe presents high-quality formal diplomas, certificates and e-certificates which are formal proof and recognition of accredited online courses. It shows all student’s abilities to learn and achieve high results and is very useful to promote personal career including with CVs, job applications and self improvements.

Samples: Horizantal Diploma – Horizantal Certificate – Vertical E-Certificate

How can you get your certificate at Academy Europe?

• You must click “complete” link at the end of every lesson of your course after you finish them.
• When you finish all lessons of course, the “finish course” link is going to be active at the end of last lesson.
• When you click the “finish course” link, you will finish your course on Academy Europe officially. Then, “certificate” page of you completed course will be automatically active.
• You can see and download your certificate online after you click on your “certificate” link.

Audience

This course by Academy Europe aims at imparting quality education and training to students.

Academy Europe is dedicated to its students, their specific learning requirements, and their overall learning success.

This course is directed toward a student-centered, independent study, asynchronous learning approach.

After completing this course on Academy Europe, students will get self improvement  and promotion in their careers.

This course is based on at least two learning skills which are provided  to the users through audio & visuals, videos, verbal presentations and articles, all of which are asynchronized with distance education approach.

Prerequisites

Before you start proceeding with this course on Academy Europe, we are assuming that you have a good aptitude and can think logically. You should want to try something different.

Ideal candidates for the course would typically possess:

– Discipline and attentiveness

– Ability to conduct research

– Ability to perform tasks with speed, efficiency, and accuracy

– Analytical judgment

– Patience to interpret technical/scientific data

– A willingness to learn, roll up your sleeves and work toward your dream!

– A computer, tablet or smartphone and an internet connection

– Basic computer skills