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Khushal Khan

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  • 3 reviews
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All the other courses are exquisitely presented in precise terms, with absolutely no room for misinterpretations, and in a fun and engaging manner, but economics is vaguely explained on multiple occasions, and with a different explanation in each instance.After having read three different definitions of economics, you still can't figure what exactly it is. Economics is a precise science, not an art, so needs to be succinctly explained in precise terms, with absolutely no ambiguities or vagaries for misconstruction. One can have fun with solving the problems, but not with the definitions which need to be absolute in both definitive breadth and parametric scope. I believe economics is about making resource allocation decisions under scarcity through tradeoffs. The paucity forcing you to give up one resource for another, and that is your opportunity cost. Furthermore, the rise in demand for a resource drives its price up, whereas the rise in supply forces its price down. You get an equilibrium price when the supply equals demand.
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Kudos to the editorial staff for the Interactive content, which, of course, is far more effective than videos, audios, or text alone or interpolated. I would love to download some of the learning from the course to my computer, provided it's packaged in the proper format. Back in 1995, the 'De Facto' Microsoft format was .chm (compressed html), also used for Microsoft Help Files. Compressed html let's you interpolate animations, videos, audios, and text through all your content. It seems to have fallen out of favor to .pdf because .pdf is easily scanned even though it is bulky, inanimate, and impossible to manipulate. I would encourage the use of .chm for all learning material. It had been used for Microsoft Help Files for a long while, but in 1995 the Encarta Dictionary and most likely even the subsequent encyclopedias were published in this format. There were very handy .chm compilers available, back in the late '80s and early '90s, that let you compile .html into chm. ============================================ I have never come across Android ,iOS and Windows apps or marketing offers of any value, so I was very skeptical, and wouldn't have even bothered to register if I wasn't waiting for download to complete and didn't have anything to do in the meanwhile. I have been so disgusted with worthless offers and apps that I would usually block the sites, but this to my pleasant surprise turned out to be even better than what I would expect from formal professional course. I'm giving it 5 stars because it pays attention to small little details like the subscripts for PV which doesn't have a subscript because it is always for the year-zero, and C (capital) which has a subscript of 0 when calculating future values and a subscript equal to the number of years when calculating a present value. It also clarifies that "r" is a return, not an interest percentage, so a decimal value, and that the exponent is also equal to the compounding or discounting period because the periods are marked at the end of each year and you have the same value multiplying (compounding) or dividing (discounting) the earlier value. It also helped establish the difference between discounting and compounding, how we could tell from problems if we needed to compound or discount, and why one was a multiplication and the other a division. Aside from that, examples that forensically looked at calculations and asked you to ascertain what the periods and interest rates were helped you look at the problems from every possible angle and for each possible scenario for a complete comprehension of the underlying concepts. This is a 5-star course because there is nothing that has been left to the imagination and nothing that needs further elaboration.
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I have studied stats for a great part of my life, but mostly 20-30 years back. This was the best explanation that left absolutely no room for misinterpretation.