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Economics for Business Professionals

DATE

Yet to be Determind

LOCATION

Accra

Why Attend?

Economics for Business Professionals

course-obj_img Course Objectives

  • black-circle_img This Course Objective Hasn't Been Provided Yet

course-obj_img Target Audience

Managers, business professionals, and individuals who have decided to explore how good economic decision making is fundamental to the success of business.

  • The firm and its goals
    • The economic goal of the firm and optimal decision making
    • Goals other than profit
      • Economic goals
      • Economic objectives
      • Noneconomic objectives
    • Maximizing the wealth of stockholders
      • Market Value Added (MVA)
      • Economic Value Added (EVA)
    • Economic profits
    • Global application
  • Demand estimation and forecasting techniques
    • Demand elasticity and the revenues of a firm
      • Price elasticities of several industries
      • Economics in practice: ‘Elasticities at a Delicatessen in the Short Run and Long Run’
    • Demand estimation
      • Regression analysis application
    • Forecasting techniques
      • Expert opinion
      • Opinion polls and market research
      • Surveys of spending plans
      • Economic indicators
      • Projections
  • Estimation of cost, pricing, and output decisions
    • The importance of cost in managerial decisions
    • The definition and use of cost in economic analysis
    • Examples of ways companies have cut costs to remain competitive
    • Cautionary note about the use of cost-cutting as a strategy
    • Pricing and output decisions: Perfect competition and monopoly
    • Pricing and output decisions: Monopolistic competition and oligopoly
    • Special pricing practices
    • Break-even analysis (Volume-Cost-Profit)
  • Macroeconomic indicators and the firm’s strategic decisions
    • The importance of the business cycle to businesses
    • Economic growth and its positive effects
    • Factors affecting the economy and the firm
      • Inflation
      • Interest rates
      • Unemployment
      • Exchange rates
    • Exchange rates effects on imports, exports, and real GDP
  • The effects of government economic policies on businesses
    • The way fiscal policies affect businesses
      • Expansionary fiscal policy
      • Contractionary fiscal policy
    • The way monetary policies affect businesses
      • Expansionary monetary policy
      • Contractionary monetary policy
    • The effect of public debt on the economy and businesses
    • The balance of trade and its impact on currency exchange rates

This course hasn't been scheduled yet, however you can request for In-House training

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