Economics Fundamentals
- Fundamentals
- Scarce Resources, Opportunity Cost, Trade-off, , Efficiency, Equity, Sunk Cost
- Demand curve & Demand Schedule
- Law of Demand
- Supply curve and Supply Schedule
- Law of Supply
- Market equilibrium
- Demand and Supply curve shifts
- Difference between Demand & Quantity Demanded
- Detailed Explanation on how to reach conclusions in Economics using Shifts in Demand and Supply Curve
- Price Ceiling and Price Floor
- Paradox of Thrift
Balance of Payments
- Current Account
- Capital Account
- Forex Reserves
- FDI v/s FDI
- ECB
- Meaning of BOP Crisis: 1991
Exchange Rate Determination
- Fixed or pegged(China)
- Floating(India)
- Detailed explanation of how China manages currency
- Explanation through Demand & Supply Curves
- Why can’t India fix currency rate?
Application: Negative Oil Prices
- Basic of Futures Contract
- Why crude Oil futures reached -37.63 $ per barrel in April 2020
Application: Negative Interest Rate
- World Upside Down
- Countries with negative interest rates
- Implications
Application: Game Theory
- Prisoners’s Dilemma Basics
- Prisoners’s Dilemma application to Business Competition
- Prisoner’s Dilemma application in Covid-19 scenario
- Diner’s Dilemma
What you will get?
Certificate of Completion acceptable at all B-schools
Prerequisites
Uninterrupted Internet Connection with a smartphone/Laptop.
Who is it for?
Must attend Workshop for anyone wishing to do PGP/MBA in any domain or Specialization.
Mode: Online – Microsoft Teams