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MODULE 03 — Economics

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Tutorial lessons

Lesson2026-07-06

ECO1 The Firm and Market Structures

How firms choose output and price under different competitive conditions. Check-yourself items are study aids. Profit Maximization, Breakeven, and Shutdown Every firm operates in one of two broad envi

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Lesson2026-07-09

ECO 2 Understanding Business Cycles

How economies expand and contract in phases, how credit moves with them, and how indicators read the cycle. Check-yourself items are study aids. The business cycle and its phases An economy produces g

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Lesson2026-07-10

ECO 3 Fiscal Policy

How governments use spending and taxes to steer demand, why the debt-to-GDP ratio is debated, and why fiscal policy is hard to time. Check-yourself items are study aids. Monetary versus fiscal policy

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Lesson2026-07-10

ECO 4 Monetary Policy

What central banks do, the tools and channels they use to steer money and credit, and how monetary policy interacts with fiscal policy. Check-yourself items are study aids. The Role of Central Banks A

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Lesson2026-07-10

ECO 5 Introduction to Geopolitics

How geography and politics shape cooperation, globalization, and the risks that reach investor portfolios. Check-yourself items are study aids. National Governments and Political Cooperation Geopoliti

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Lesson2026-07-10

ECO 6 International Trade

Why nations gain from trade, how tariffs and quotas redistribute welfare, and what different trading blocs do. Check-yourself items are study aids. Benefits and Costs of International Trade Trade poli

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Lesson2026-07-10

ECO 7 Capital Flows and the FX Market

How currencies are quoted and traded, how nominal and real rates differ, and why capital flows drive exchange rates. Check-yourself items are study aids. The Foreign Exchange Market Currencies trade a

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Lesson2026-07-10

ECO 8 Exchange Rate Calculations

How to build cross rates, read forward points, and tie spot rates, forward rates, and interest rates together with no-arbitrage logic. Check-yourself items are study aids. Cross Rates and Triangular A

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