Beginner
-
Covered in this level
You will study what informal and illegal markets are, how they are measured, and why they exist, with a focus on understanding rather than taking part.
-
Suited to
This level is for learners who want to understand what the black market economy is and why it matters to economics and finance.
-
What you will be able to apply
After this level, you will be able to explain what the informal and black market economy is, describe why it exists, and understand its effect on official statistics.