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Fundamentals of Economics

By Dr. Neetu Ahmed   |   GD Goenka University, Gurgaon
Learners enrolled: 142

This course introduces you to the fundamentals of economics and helps you develop basic understanding of economic Principles. This course will expose you to the basics of economy from the perspective of consumers, firms, government and various other economic agents involved in essential economic activities like distribution, consumption, production and resource management. There is no prerequisite for this course. As this is the introductory course, no prior knowledge of economics is required. This course covers basic concepts like principles of Economics, demand and supply analysis, concepts of elasticity, cost and production analysis, understanding of various market structures prevailing in the economy, Macroeconomic output, Circular flow of income, Business Cycles, unemployment, inflation, Economic growth. This course will enable decision making as an individual and as a manager on the basis of these concepts and the understanding of market. This course will also review different forms of organizations and their objectives and It will also expose students to concepts of economic growth and policies that help the economies to long term sustained growth.

Summary
Course Status : Upcoming
Course Type : Core
Language for course content : English
Duration : 6 weeks
Category :
  • Economics & Social Sciences
Credit Points : 3
Level : Postgraduate
Start Date : 15 Jul 2025
End Date : 31 Oct 2025
Enrollment Ends : 31 Aug 2025
Exam Date :
Translation Languages : English
NCrF Level   : 6.5
Industry Details : Public Sector & Government

Page Visits



Course layout

Week 1: Introduction to Economics

Week 2: Demand & Supply Analysis

Week 3: Production & Cost analysis

Week 4: Market Structure-Perfect Competitive Markets

Week 5: Market Structure-Imperfect Competitive Markets

Week 6: Macroeconomic Concepts

Books and references

  • Principles of Microeconomics, Dominick Salvatore, Oxford, ISBN-13: 978-0-19-806230-1; ISBN-10: 0-19-806230-3
  • Managerial Economics, Geetika, Piyali Ghosh, Purba Roy Choudhury, McGraw Hill, ISBN-13: 978-93-87067-62-2; ISBN-10: 93-87067-62-9
  • Advanced Economic Theory- Micro Economic Analysis, H L Ahuja, S Chand Publication, ISBN: 978-93-525-3332-9
  • Microeconomics, D. N. Dwivedi, Vikas Publishing House, ISBN-10 ‏:9325986701; ISBN-13 : 978-9325986701
  • Microeconomics, Paul A. Samuelson and William D. Nordhaus, McGraw Hill, ISBN-13: 978-1-25-909744-7; ISBN-10: 1-25-909744-7 

Instructor bio

Dr. Neetu Ahmed

GD Goenka University, Gurgaon

Dr. Neetu Ahmed is an economics enthusiast with approximately 18 years of experience in research and teaching management courses. Currently, she serves as an Assistant Professor at the School of Management, GD Goenka University, Gurgaon, Haryana, where she teaches Economics to undergraduate and postgraduate students and mentors Ph.D. scholars. Dr. Ahmed has presented papers at international and national conferences and has published widely in reputed national and international journals. Her research interests focus on sustainability, knowledge economy, and international trade.

Course certificate

Enrolling and learning from the course is free. However, if you wish to obtain a certificate, you must register and take the proctored exam in person at one of the designated exam centre’s. The registration URL will be announced when the registration form is open. To obtain the certification, you need to fill out the online registration form and pay the exam fee. More details will be provided when the exam registration form is published, including any potential changes. For further information on the exam locations and the conditions associated with filling out the form, please refer to the form.

 

Grading Policy: 

Assessment Type

Weightage

Weekend Assessment

25%

Final Exam

75%


Certificate Eligibility: 

  • 40% marks and above in weekend assessment.
  • 40% marks and above in the final proctored exam.

Score

Type of Certificate

>=90

Gold

76 - 89

Silver

61 - 75

Bronze

40 - 60

Successfully Completed

<39

No Certificate


Sample Certificate:



Disclaimer: In order to be eligible for the certificate, you must register for enrolment and exams using the same email ID. If different email IDs are used, you will not be considered eligible for the certificate.



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