Economics & Finance: Introductory Economic Concepts

Time Value of Money is an online course designed to help students in economics, math and personal finance classes through what is often dry, mathematical content by featuring student-oriented language, program interactions, checks for understanding and video. This course will enhance students' in-class study of present and future value and also serve as a tutorial for those students who struggle with the concepts

Economies of scale refers to the benefits of mass production. In many industries, big is beautiful (or anyway cheaper) because unit costs of production fall; for example the mass-production of cars; giant shipbuilding yards; steel works, where initial investment costs are heavy and can be lightened only if output is expanded.

Utilize the computational power of Wolfram|Alpha to track monetary trends, check up-to-date stock quotes and even access historical market data. Or, employ Wolfram|Alpha’s sophisticated financial tools and calculators to help you manage your personal finances.

The level of macroeconomics deals with the economy as a whole or with its basic subdivisions or aggregates such as the government, household, and business sectors. An aggregate consists of a collection of specific economic units, such as businesses, which are treated as if they were one unit—high-tech industries, for example. In dealing with aggregates, macroeconomics is concerned with obtaining an overview or general outline of the structure of the economy and the relationships among its major aggregates

Microeconomics is concerned primarily with determining the price of a good, the quantity of the good bought and sold, and the effect of the transaction on the well-being of consumer and producer. Microeconomic theory assumes that individuals act as rational maximizers—that they weigh costs against benefits in making decisions and that they implicitly or explicitly attempt to achieve the highest level of well-being possible in any given situation.

Five brief videos that cover a variety of personal finance topics.