This module introduces the four factors of production - natural resources, labor, capital, and entrepreneurship - and how they help determine the output of goods and services.

This module expands on the economic problem of scarcity and the opportunity cost of making economic decisions. Key concepts include: benefits vs. missed opportunities.

A look into the basics of economics. This module introduces the basic economic problem of scarcity and how economists solve it. Key concepts include: wants vs. needs; goods, services, and natural resources.

This module introduces the concept of profits and how productivity and specialization can lead to an increase of profits for businesses.

Unit 1 | Basic Economic Concepts

This module introduces the four factors of production - natural resources, labor, capital, and entrepreneurship - and how they help determine the output of goods and services.

This module expands on the economic problem of scarcity and the opportunity cost of making economic decisions. Key concepts include: benefits vs. missed opportunities.

A look into the basics of economics. This module introduces the basic economic problem of scarcity and how economists solve it. Key concepts include: wants vs. needs; goods, services, and natural resources.

This module introduces the concept of profits and how productivity and specialization can lead to an increase of profits for businesses.

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