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It is often wrongly concluded that economics is irrelevant to running a business. In fact, economic factors affect businesses and decision making at three levels. At the macro level, factors such as the business cycle, interest rates and exchange rates directly affect product demand and cost of production. At the market level, the type of competition determines profitability and business strategy. At the company level, efficiency principles have a direct bearing on business success, principles such as marginal analysis, opportunity cost and profit maximisation. If you ignore economic principles, you will be unable to figure out likely changes in market conditions, you will be unable to understand competitive forces and you will have little idea of how to 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.
Fördelar
  • Du läser på distans och kan ta tentan på annan ort i världen.
  • Du får ett internationellt certifikat från ett av världens ledande universitet.
  • Du får ett gediget material.
  • Du får ett starkt stöd via webben.
  • Du omsätter kunskapen direkt i praktiken.
  • Du får akademiska poäng och fördel för vidare internationella studier (MBA, MSc och DBA).

MBA utbildningen har varit väldigt utvecklande och gett mig verktyg att applicera kunskaperna praktiskt I arbetslivet. Flexibiliteten med att läsa på distans passar perfekt med ett jobb som innebär mycket resande.

Marie Lobéus, MBA, CFO, Hoist Technology AB

Att efter nära trettio år inom konsultyrket få ta del av PMC programmet var ett lyft. Jag upplevde utbildningen som mycket professionell och inte minst, som en krävande utmaning. 

Dag Larsson, PMC & CMC Ekan
Läs mer

08-544 715 70

Profile
Manager and key persons

Level
Level 7 (according to the EU framework)

Module
Economics

Width
About 200 hours. You will receive an international certificate from one of the world's leading universities, Heriot-Watt University. 10 ECTS (European Credit Transfer System) Credits.

Entry condition
Bachelor degree or equivalent.

Start
Distance learning starts individually.

Fee
SEK 13.000 excl VAT.
Examination fee is not included.