The course explains decision-making under scarcity. It covers opportunity cost, transaction costs, externalities, price signals, and market basics.
Language of course:
Ukrainian
Format of the event:
Video lectures
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Course overview
Description generated based on course syllabus and open data.
“Economics for Every Day” introduces rational choice under scarcity: opportunity cost, transaction costs, externalities, and prices as signals. The content spans markets, taxes, competition, personal finance, business cases, and international specialization.
Economics for Every Day: scope and approach
The material uses everyday economics to compare benefits and costs, read price signals, assess tax and regulation effects, and examine why nations differ in prosperity.
Module overview (concise)
- Introduction to economics
- Markets and prices (demand, supply, competition)
- Personal finance (budgeting, saving, basic instruments)
- Business and costs
- Government: taxes, regulation, public goods
- International trade and specialization
Everyday economics: who it fits / who it does not
Who it fits
- Entrepreneurs making choices under constraints.
- Students and pupils interested in markets and economic phenomena.
- Citizens organizing approaches to income, spending, and taxes.
- Engaged citizens focused on policy effects and global processes.
- Those systematizing personal finance with data-driven reasoning.
Who it does not fit
- Those seeking investment tips or guaranteed outcomes.
- Those unwilling to complete tasks or analyze examples.
- Those wanting only theory without daily-life applications.
Daily economics: problem → result
- Scarce resources → a clear rule for choice via opportunity cost.
- Hidden costs → accounting for transaction costs in life and business.
- Side effects → identifying externalities and their impact on choices.
- Price fluctuations → interpreting prices as signals of scarcity and preferences.
- Taxes and regulation → comparing potential effects on consumers and producers.
- Cross-country differences → analyzing the role of specialization and institutions.
Economics for Every Day: comparison with alternatives
- Theory-heavy textbooks: strong formalism; here the focus is applied decisions without excessive math.
- Financial literacy only: budgeting focus; here markets, taxes, competition, and externalities are added.
- Business courses without economics: management tools; here the economic logic of pricing and choices.
- Self-study: uneven materials; here a structured sequence of topics.
Learning outcomes in the “Economics for Every Day” format
- Analyze choices using opportunity cost and constraints.
- Identify transaction costs and externalities in examples.
- Read price signals and distinguish effects of taxes and competition.
- Apply core principles to personal finance and business cases.
- Explain the logic of international specialization without value judgments.
Course Description
This course will help you learn how to make decisions with limited resources. You will learn about opportunity cost, transaction costs and externalities in the economy.
If you are interested in the benefits of free exchange that prices show and why some countries are rich and others are not, this course is for you! We will teach you how to get the most out of your resources and tell you how to make money work for you!
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