This course aims to provide a comprehensive overview of key microeconomic concepts in a concise manner. By the end of the course, learners will be able to understand the differences between microeconomics and macroeconomics, analyze costs of production, grasp the concept of diminishing returns and utility, evaluate economies of scale, interpret financial statements, compare different types of loans, and comprehend various financial ratios. The course employs a fast-paced teaching method, condensing complex topics into one-minute explanations. It is designed for individuals seeking a quick introduction to microeconomics or those looking to refresh their knowledge in a time-efficient manner.
Overview
Syllabus
Microeconomics vs. Macroeconomics: Definition, Explanation and Comparison in One Minute.
Fixed/Variable/Total Costs and the Marginal Cost of Production Defined & Explained in One Minute.
The Law (or Principle) Of Diminishing Marginal Returns (or Productivity) Explained in One Minute.
The Law of Diminishing Marginal Utility Explained in One Minute: From Definition to Examples.
Economies of Scale in One Minute: Definition/Theory, Explanation and Examples.
The Return On Investment (ROI) in One Minute: Definition, Explanation, Examples, Formula/Calculation.
Assets and Liabilities Defined, Explained and Compared in One Minute.
Net vs. Gross (Income, Pay/Salary, etc.) in One Minute: Definition/Difference, Explanation, Examples.
Insolvency vs. Default vs. Bankruptcy: Three Terms Defined, Explained and Compared in One Minute.
Secured vs. Unsecured Loans in One Minute: Definitions, Explanations and Comparison.
Opportunity Costs (the "Price" of Missed Opportunities) Explained in One Minute.
Tangible and Intangible Assets Compared in One Minute.
Asset Liquidity (How Easy Selling/Liquidating Is) Explained in One Minute.
Depreciating Assets Explained in One Minute.
Financial Statements Explained in One Minute: Balance Sheet, Income Statement, Cash Flow Statement.
Outsourcing, Onshoring/Offshoring and Nearshoring/Farshoring Defined, Explained & Compared in 1 Min.
Outsourcing Pros and Cons: Should You Outsource or Insource (Hire In-House Employees)?.
Onshoring vs. Offshoring (Outsourcing Domestically vs. Abroad): One Minute Explanation/Comparison.
Stocks and Flows Explained in One Minute: Definition/Meaning, Examples and Comparison.
The Stock to Flow Ratio Explained in One Minute: From Gold/Silver... to Bitcoin/Crypocurrencies?.
Revenue vs. Gross Income/Profit/Earnings vs. Net Income/Profit/Earnings (Bottom Line) in One Minute.
Profit Margins Explained in One Minute: From Definition/Meaning to Formulas and Examples.
Barriers to Entry Explained in One Minute: Definition, Examples and Monopoly/Competition Concerns.
The Earnings Per Share (EPS) & Price-to-Earnings Ratio (P/E Ratio): Definitions. Formulas. Examples..
The Earnings Per Share (EPS) & Price-to-Earnings Ratio (P/E Ratio): Definitions. Formulas. Examples..
The Book Value and Price-to-Book Ratio (P/B Ratio) Explained: From Definition to Formulas & Examples.
The Book Value and Price-to-Book Ratio (P/B Ratio) Explained: From Definition to Formulas & Examples.
The Coase Theorem Explained: Coasean Bargaining Definition, Conditions/Assumptions and Examples.
Underwriting (Insurance, Loans, IPOs, etc.) Explained in One Minute: Definition/Meaning, Examples....
Stock Buybacks (Share Repurchases) Explained in One Minute: Why Do Companies Buy Back Shares?.
Stock Buybacks (Share Repurchases) Explained in One Minute: Why Do Companies Buy Back Shares?.
Taught by
One Minute Economics
