Economics Professional Certificate Program
Course Overview
The Economics Professional program presents basic concepts necessary to an informed understanding of the economy. Starting with individual consumer behavior and corporate actions, the program moves on to explain both micro- and macroeconomics and the interplay between these 2 perspectives in terms of output, unemployment, inflation, productivity and growth. The effects at the micro level are different to those at the macro level, but sometimes they can also run in parallel and students will study the different ways in which all aspects of the economy are affected.
This extensive program Introduction assumes students are new to the study of economics outlining economic theory and moving through analysis of supply and demand, government action, competitive markets and different types of economic markets that present unique challenges. This program encompasses economic principles (both microeconomic and macroeconomic) and problems. The purpose of the program is for students to develop a logical, conceptual, and analytical understanding of economic principles and to deal with problems associated with the allocation of resources, decisions made by consumers, production by firms, and pricing in various market conditions, government actions in markets, measuring aggregate output, economic growth, employment and unemployment, money and banking, and fiscal and monetary policies intended to achieve economic goals.Course Description
Particularly in this increasingly global world, a fundamental understanding of economics provides an imperative foundation from which business professionals, government officials and countless others make important decisions every day. Various types of governments and markets can lead to sound or unsound monetary policies that affect different economies in different ways. Understanding various economic indicators including prevailing indexes and interest rates will provide students with an invaluable foundation that will inform their approach to business and individual financial matters for years to come.
Program Objectives
At the conclusion of this program, students will be able to:
Analyze the economic way of thinking
Explain how free and competitive markets allocate resources efficiently through the interaction of supply and demand
Evaluate the different effects caused by changes in demand and supply conditions
Analyze how government actions affect markets
Evaluate the effects of trade on the economy
Analyze the effects of externalities
Analyze a firms cost of production
Analyze firm behavior in perfectly competitive markets
Differentiate between monopoly, monopolistic competition, and oligopoly
Measure components of the macro economy
Analyze the factors influencing economic growth
Contrast fiscal and monetary policy
Analyze the economic way of thinking
Explain how free and competitive markets allocate resources efficiently through the interaction of supply and demand
Evaluate the different effects caused by changes in demand and supply conditions
Analyze the measurements of gross domestic product and inflation as key indicators of aggregate economic performance
Explain the significant relationships between employment and output in the short and long runs
Analyze the differences in growth rates over time and between economies
Explain how the financial markets function to allocate loanable funds and determine interest rates
Outline the key components of the U.S. monetary system
Analyze changes in the supply of and demand for money
Explain how changes in aggregate supply and aggregate demand result in business cycles
Analyze economic policy using the aggregate expenditure multiplier
Analyze the relationship between inflation and unemployment in the short run
Analyze the demand and supply effects of fiscal policy on employment and gross domestic product
Analyze the objectives and tools of the Federal Reserves monetary policy
Analyze the effects of government policies in international markets
Analyze the economic way of thinking
Explain how free and competitive markets allocate resources through the interaction of supply and demand
Evaluate the different effects caused by changes in demand and supply conditions
Evaluate the models used by economists to explain how efficient production decisions are made in an environment of scarcity
Evaluate the impacts of government actions in markets on efficiency and fairness
Analyze the impacts of taxes on consumers, producers, employers, and workers
Evaluate the benefits and costs of international trade
Assess the provision and importance of public goods
Evaluate methods of efficiently dealing with negative externalities
Determine how rational consumers make choices to maximize their satisfaction
Analyze a firms short-run and long-run costs
Analyze the decisions made by a firm operating in perfectly competitive markets
Analyze the behavior of a monopoly
Evaluate how firms in monopolistic competition and oligopoly determine their profit-maximizing strategies
Evaluate the way factor markets determine a society is distribution of income
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What are my payment options?
Click the Financing link at the top of this page for financing information.
What is difference between a certificate and a certification?
By successfully completing a course through one of our college or university partners the student is awarded a Certificate of Completion from the institution. If there is a state or national exam that the course is preparing a student for, the proper certifying body will be indicated and that association will proctor and award any type of certification. This is the student’s responsibility, although ECA is here to help guide our students in the right direction.
Does this course translate in to college credit?
Through our college and university partners, ECA offers non-credit certificate programs.
How long do access to my complete my course?
Access will begin on your start date and end on your end date unless otherwise specified. If you are falling behind in your course please contact an Education Consultant to talk about your options.
When are the course start dates?
The course start dates are determined by the student due to open-enrollment.
Is the Certification exam included in the course?
The certification exam is not included in the cost of the course unless otherwise specified in the course education and training plan.
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