We may earn an affiliate commission when you visit our partners.
Nick Wright
Week 1 Week 2 Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is for business professionals aiming to improve their logistics, supply chain or distribution skills, especially in costing and pricing of logistics services. Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.
Topics Covered
Read more
Week 1 Week 2 Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is for business professionals aiming to improve their logistics, supply chain or distribution skills, especially in costing and pricing of logistics services. Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.
Topics Covered
Read more
Week 1 Week 2 Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more This course is for business professionals aiming to improve their logistics, supply chain or distribution skills, especially in costing and pricing of logistics services. Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.
Topics Covered
- Outline a definition of economics and the issues of scarcity
- Recognise the importance of opportunity cost economics
- Identify factors of production and types of markets
- Recognise the operation of a simple economy
- Recognise transport’s role in economic development
- Explain the importance of profit maximisation and markets
- Recognise different economic markets
- Recognise how market structures influence transport markets
Register for this course and see more details by visiting:
OpenCourser.com/course/rgigt1/what
Save this course
Create your own learning path.
Save this course to your list so you can find it easily later.
Save
Save
Reviews summary
Economics in global logistics: foundational for professionals
According to students, 'What is Economics in Global Logistics?' is a strong foundational course, particularly valuable for business professionals new to the economic aspects of logistics. Learners highlight its clear explanations of core economic concepts like scarcity, opportunity cost, and market structures, and how these directly apply to global logistics and supply chain scenarios, including costing and pricing services. However, a significant portion of reviews suggests that while it provides a solid introduction, it can be too theoretical or lack sufficient depth and practical application for more experienced professionals seeking advanced strategies or detailed methods.
Economic concepts are clearly explained and applied to logistics.
"The concepts of scarcity, opportunity cost, and market structures were explained very clearly, making them directly applicable to real-world supply chain scenarios."
"The coverage of costing and pricing of logistics services was a highlight, giving me a good framework."
"I found the explanation of profit maximization and different economic markets spot on, making it concise yet comprehensive."
"The instructor did a good job explaining complex ideas, and I found the section on how market structures influence transport markets very relevant."
Provides a strong base in economics for logistics professionals.
"This course provided a fantastic foundational understanding of economics specifically tailored for global logistics."
"Excellent course! ... This course helped me understand the underlying economic drivers with much more clarity."
"This course is a must for anyone in distribution or logistics who wants to understand the economic forces at play. It really helped connect the dots between macro trends and operational decisions."
"I found it valuable for understanding the economic landscape of logistics and how it clarified concepts like opportunity cost in a business context."
Some found the course delivery dry or slow-paced.
"While relevant, it seemed to focus more on theoretical explanations rather than practical application or advanced strategies for specific logistics challenges."
"The content was solid, but I felt the pace was a bit slow at times, making it more suitable for a review."
"The course covers the basics well, but it felt a bit dry and didn't really capture my attention; more of a knowledge transfer than an engaging experience."
May be too basic or theoretical for seasoned professionals.
"My only minor critique is that I wished for more in-depth case studies or practical exercises to solidify the concepts further."
"For someone already familiar with basic economics, much of the initial content felt repetitive. It seemed to focus more on theoretical explanations rather than practical application or advanced strategies."
"I expected more depth for a 'professional' course, but it felt too basic and like a primer rather than a deep dive."
"I expected detailed methods for costing and pricing in logistics, but it was mostly high-level economic theory. Very basic and not practical for experienced professionals."
Activities
Coming soon
We're preparing activities for
What is Economics in Global Logistics?.
These are activities you can do either before, during, or after a course.
Career center
Learners who complete What is Economics in Global Logistics? will develop knowledge and skills
that may be useful to these careers:
For more career information including salaries, visit:
OpenCourser.com/course/rgigt1/what
Reading list
We haven't picked any books for this reading list yet.
This introductory textbook provides a comprehensive overview of microeconomics and macroeconomics. It is written in a clear and concise style, making it a good choice for students who are new to economics.
Save
This intermediate textbook provides a comprehensive overview of microeconomics. It is written in a clear and concise style, making it a good choice for students who have some prior knowledge of economics.
Save
This intermediate textbook provides a comprehensive overview of macroeconomics. It is written in a clear and concise style, making it a good choice for students who have some prior knowledge of economics.
This advanced textbook provides a comprehensive overview of international economics. It is written in a clear and concise style, making it a good choice for students who have some prior knowledge of economics.
This advanced textbook provides a comprehensive overview of development economics. It is written in a clear and concise style, making it a good choice for students who have some prior knowledge of economics.
This classic work is one of the most important books in the history of economics. It provides a fundamental critique of classical economics and offers a new theory of macroeconomics. is essential reading for anyone who wants to understand the history of economic thought.
This recent bestseller provides a groundbreaking analysis of wealth and inequality. It argues that capitalism is inherently unequal and that the gap between the rich and the poor is growing wider. is essential reading for anyone who wants to understand the challenges facing the global economy.
This popular book makes economics accessible to a wide audience. It uses real-world examples to explain economic principles, making it a great choice for students who are new to economics or who want to learn more about how it affects their lives.
Save
This New York Times bestseller uses data to answer questions about a wide range of topics, from cheating to parenting. It great choice for students who want to learn about the power of data and how it can be used to understand the world around us.
This podcast from NPR makes economics fun and accessible. Each episode covers a different economic topic, using clear and concise language. This great choice for students who want to learn about economics in a relaxed and enjoyable way.
Save
This podcast from the Hoover Institution features interviews with economists from all over the world. Roberts great interviewer who asks insightful questions and gets his guests to explain their ideas in a clear and concise way. This great choice for students who want to learn about different perspectives on economics.
This widely used introductory textbook in economics programs. It provides a comprehensive overview of both microeconomics and macroeconomics, making it excellent for gaining a broad understanding. It's often used as a core textbook in undergraduate economics courses and valuable reference for fundamental concepts.
Provides an accessible and engaging introduction to economic concepts using real-world examples. It's an excellent starting point for beginners or those in high school to see how economics applies to everyday life. It's more valuable as engaging additional reading than a comprehensive reference.
Save
This popular book applies economic principles to unconventional topics, demonstrating the broad applicability of economic thinking. It's highly engaging for a general audience and can spark interest in the subject, serving as excellent supplementary reading. It provides a unique perspective rather than a foundational overview.
While not strictly an economics textbook, this book by a Nobel laureate in Economic Sciences is foundational to behavioral economics. It explores the two systems of thought that drive our decisions, offering deep insights into human behavior that are highly relevant to understanding economic choices. It's essential reading for anyone interested in the psychological underpinnings of economics.
Save
Authored by Nobel laureates, this book delves into the economics of poverty and provides evidence-based solutions. It's highly relevant to contemporary global economic issues and offers a deeper understanding of development economics. It is valuable for both academic study and informing policy discussions.
This influential book analyzes the dynamics of income and wealth inequality, a major contemporary economic topic. It significant academic work that has generated considerable discussion and is essential for understanding modern economic trends and challenges. It's more suitable for undergraduate and graduate levels due to its depth and data analysis.
A pivotal work that revolutionized macroeconomics, particularly in understanding economic downturns and the role of government intervention. This classic text essential for advanced undergraduate and graduate students studying macroeconomic theory. It provides the theoretical basis for Keynesian economics.
Provides a comprehensive overview of economics, covering a wide range of topics from microeconomics to macroeconomics to international economics. It is written in a clear and concise style, making it accessible to readers of all levels.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/rgigt1/what
Share
Similar courses
Similar courses are unavailable at this time. Please try again later.
Our mission
OpenCourser helps millions of learners each year. People visit us to learn workspace skills, ace their exams, and nurture their curiosity.
Our extensive catalog contains over 50,000 courses and twice as many books. Browse by search, by topic, or even by career interests. We'll match you to the right resources quickly.
Find this site helpful? Tell a friend about us.
Affiliate disclosure
We're supported by our community of learners. When you purchase or subscribe to courses and programs or purchase books, we may earn a commission from our partners.
Your purchases help us maintain our catalog and keep our servers humming without ads.
Thank you for supporting OpenCourser.
© 2016 - 2025 OpenCourser