This study gives students a sense of why costs, budgets, wealth etc change. When an individual or a manager understands the forces that cause assets to increase or decrease in value, or for costs to change – they then have a basis for seeing trouble before it comes and averting that trouble – or for seeing opportunities ahead of time, and reacting to their advantage. In essence, economics raises financial awareness…. So anyone who can do better by being more financially aware can benefit.
This course is for:
Small-business owners
Business Advisory
Entrepreneurial Business Owner
Product Manager
Business Transition Specialist
Accounting personnel
Commercial Asset Managers
Bookkeepers & Finance Administrators
Stakeholder Managers
Legal Assistants
Budget Planners
Investors - individuals
Economics study can be applied across a broad range of sectors and industries.
Learning economics is pivotal in roles in:
Business Ownership
Strategy & Risk
Investments
Project Management
Policymaking
Data Analysis
Business Development
Process Engineering
City Growth
Community Development
Aims
- Discuss the significance of economics today.
- Interpret a variety of important economic laws.
- Differentiate between wants and needs in the context of satisfaction.
- Explain how costs are determined in a variety of economic contexts.
- Determine the relationship between value and price in an economic context.
- Explain wealth with reference to income, investment, profit, and interest rates.
- Explain what influences economic health locally, nationally and internationally.
- Explain and compare different economic systems in different countries.
- Report on a chosen topic which illustrates economic theory and its influences on economic policy.