Modern Economics

Course Level 3: Advanced

Estimated Study Time: 1-2 hours

Following the recent global financial crisis there has been a huge increase in people seeking to learn about how economies and modern economic systems work. People now realize that economic decisions taken in one country can dramatically affect the economies of other countries around the world.

This course examines in detail economic concepts and principles such as Capacity Utilization Rate, Return on Assets, Gross profits, Cost of Goods Sold, Earnings Before Interest and Taxes, Breakeven point, Aggregate Capacity, Aggregate Demand, and Aggregate Utilization. The course also looks at the rise of the Chinese economy and how it affects the economy of a country like America, for example, in terms of China buying US government bonds and in relation to the Chinese-US balance of payments.

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