Economics Fundamentals
Supply, demand, inflation, and the forces behind everyday prices.
Topics in this module
Scarcity and Opportunity Cost
— Every choice has a price, even when no money changes hands.
Supply and Demand
— The two forces that set the price of almost everything.
Elasticity
— How sensitive buyers and sellers are to a change in price.
Inflation
— Why the same dollar buys less over time.
Market Structures
— From fierce competition to a single dominant seller.
GDP and Macro Indicators
— The dashboard lights that show how an economy is doing.
Fiscal and Monetary Policy
— The two big levers governments and central banks use to steer the economy.