Business Studies (Foundation level)

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Business Studies (Foundation level)

This course covers foundation level Business Studies. This is equivalent to high school certificate, or, IGCSE level.

There are many topics which are common in Economics and Business. The common areas are included in both courses. In the following list some lessons are borrowed from Economics Foundation course.

Click the desired lesson from following list:

CHAPTER-1 ( ECONOMIC PROBLEM)

  1. Goods and services   [00:05:48]
  2. Economic desires   [00:09:33]
  3. Resources (factors of production)   [00:12:06]
  4. Production process   [00:08:13]
  5. Specialization and division of labor   [00:11:19]
  6. Economic Problem   [00:05:19]
  7. What is Economics   [00:09:04]

CHAPTER-2 ( ECONOMIC ACTIVITIES)

  1. Economic activities [00:05:48]
  2. Consumption and Investment [00:05:52]
  3. Public and merit goods [00:02:50]
  4. Economic systems [00:15:42]
  5. Money [00:17:08]

CHAPTER-3 ( OPPORTUNITY COST AND PRODUCTION POSSIBILITY CURVE)

  1. How to fetch economic data from the web [00:17:24]
  2. Opportunity cost [00:07:22]
  3. Production possibility curve [00:24:54]

CHAPTER-4 ( MARKET EQUILIBRIUM MODEL)

  1. What is price mechanism?[00:02:51]
  2. Law of demand [00:08:13]
  3. Law of supply [00:05:40]
  4. Market equilibrium point [00:09:57]
  5. Changes in demand and supply [00:12:18]
  6. Effects of change in demand and supply on market equilibrium point [00:08:10]

CHAPTER-5 ( ELASTICITY)

  1. Elasticity [00:09:01]
  2. Elasticity of demand [00:07:32]
  3. Price elasticity of demand [00:15:51]
  4. Income and cross elasticity of demand [00:08:00]
  5. Elasticity of supply [00:02:34]
  6. Elastic and inelastic [00:03:17]

 

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