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

Here’s a little look at the support you can expect

Course taster

Get a feel for the course before you make that all-important purchase.

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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The username and password are: demo

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Course development

This course is available for purchase from now and until 31 July 2021, and examinations are offered until June 2023.

If you’re thinking about starting an MBA with Oil and Gas Management, or if you are studying through one of our learning partners, you will study this Economics course.

If you are starting our Online MBA, you will be studying our Economics for Business course. 

'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.