Q&A

What are the resources for studying economics?

What are the resources for studying economics?

Economic resources can be divided into human resources, such as labor and management, and nonhuman resources, such as land, capital goods, financial resources, and technology.

Can I study economics on my own?

One of the easiest and the most modern ways to self-learn economics is through Massive Open Online Courses. Many universities have made a range of their economics lectures available online, either on their own websites or dedicated educational platforms like Coursera or edx.org.

What are the 5 economic resources?

Some economists define economic resources using land, labor, capital, and entrepreneurship as the factors of production. Other economic theories include six factors in the definition: land, labor, capital, information, business reputation, and business ownership risk.

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Can you learn economics on your own?

Studying economics can be an interesting and rewarding experience. You can learn economics all on your own without the benefit of formal education. You can also start learning economics when you’re in high school or even earlier, if you’re ambitious. You can carry that love through college and even postgraduate work.

What are 3 examples of economic resources?

Economic resources are items that can be used to produce goods and services. They enable businesses to operate. Without them, there would be no production. There are three categories of economic resources: natural resources, human resources, and capital goods.

Is money an economic resource?

No, money is not an economic resource. Money cannot be used by itself to produce anything as it is a medium of exchange for economic resources.

What are the 4 types of economic resources?

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

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Where can I find good resources for learning about economics?

Investopedia.com has a huge amount of instructional material including most of the basics and they take a very textbook styled approach. For this reason you can find almost any economics topic covered here. They are also a good source because of their sample quizzes that you can take to see if you have mastered the material.

What is the best way to learn microeconomics?

1) Obtain a virtual copy of an intro micro textbook (I can vouch for Mankiw’s Principles of Microeconomics) and read it cover to cover. 2) Use a (probably) less-reliable resource such as thisor the link you posted in your answer.

Do you want a self-made education in economics?

Perhaps you’ve gone to university and don’t want to go back, or perhaps you haven’t but still yearn to know more about the subject. The good news is that there are plenty of ways to pick up a self-made education in economics, even if you don’t want to learn the maths or go back to school.

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How can I learn economics without going back to school?

3 ways you can learn economics without going back to school 1 Lectures on YouTube. MIT’s Principles of Microeconomics course is chopped into 26 videos of between 45 and 50 minutes, and it’s all available on YouTube. 2 MOOCs. Similarly, there are massive open online courses (MOOCs) like those run by MRUniversity. 3 Self-study with books.