{"product_id":"basic-foundations-of-economics-and-production","title":"Basic Foundations of Economics and Production","description":"\u003cp\u003eThe course Basic Fundamentals of Economics and Production is the essential strategic foundation to transform real estate professionals into high-value consultants who can confidently justify pricing and guide clients' investment choices with technical backing.\u003c\/p\u003e\u003cp\u003eThroughout this program, you will understand how the scarcity of resources — such as land in high-value neighborhoods, specialized labor, and mortgage credit — drives market decisions and shapes property values.\u003c\/p\u003e\u003cp\u003eYou will master the critical concept of opportunity cost and learn to solve the three fundamental economic problems: what, how, and for whom to produce.\u003c\/p\u003e\u003cp\u003eFurthermore, the course teaches you to analyze the Production Possibility Curve to anticipate supply trends, diagnose productive inefficiencies, and leverage technological growth drivers like Building Information Modeling (BIM) and prefabrication.\u003c\/p\u003e\u003cp\u003eFinally, you will grasp the inner workings of real and monetary economic flows and the factors of production (land, labor, and capital), empowering you to analyze productivity and cost formation in civil construction to negotiate with authority.\u003c\/p\u003e","brand":"Edugradus","offers":[{"title":"Default Title","offer_id":67558504562765,"sku":"EDU_ECONOMICS_PRODUCTION","price":45.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0683\/0466\/6701\/files\/image_f2e61b5d-bd33-45bc-9d6a-28845cb9e9fe.png?v=1790778220","url":"https:\/\/www.edugradus.com\/en-us\/products\/basic-foundations-of-economics-and-production","provider":"EduGradus","version":"1.0","type":"link"}