Understanding economic principles and practices

It’s vital that business managers have a good grasp of economic principles. This course will help business executives to predict changes in market conditions, understand competitive forces and allocate resources efficiently.

Topics covered
 
  • Economic concepts, issues and tools.
  • An overview of economics, demand and supply.
  • The market, economic efficiency, organisation of industries.
  • Public goods, externalities, income distribution.
  • International sector, macroeconomics.
  • Income distribution, potential output, circular flow of income.
  • A simple model of income determination.
  • An expanded model of income determination.
  • Fiscal policy, money, the central bank and monetary policy.
  • The quantity theory and the Keynesian theory of money.
  • Integration of the real and monetary sectors of the economy.
  • Inflation and unemployment, the world economy.

it's not about numbers and long complicated equations, it boils down to how people behave...

Craig Robinson

Sample our online resources

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Course taster

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This pdf is a short version of the full course text. It gives you the contents page and the first module...

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'Visualise This'

We have a library of informative visual material to guide you through critical concepts. Here’s just one of them.

The full library is available through your Student Portal.