Advanced Professional Certificate in Business Economics
Discover the exciting world of tourism promotion and travel distribution systems with our cutting-edge module, covering everything from marketing strategies to the latest trends in the industry.
Completion Time
1 Month
Accreditation
5 CPD Hours
Level
Advanced
Start time
Anytime
About the course
The course delves into various avenues, routes, and frameworks for building a career in the field of health and social care. Learners will gain insights into diverse career paths, their associated roles and responsibilities, and the overarching structure of healthcare and social care personnel in the United Kingdom.Upon successful completion of the course, you will acquire the ability to comprehend the following key aspects:
1. Diverse career pathways within the healthcare and social care sector in the UK.
2. Roles and job responsibilities of various professionals in healthcare and social care.
3. The NHS Career Framework.
4. The Knowledge and Skills Framework (KSF).
5. National Occupational Standards (NOS).
6. The Public Health Skills and Knowledge Framework (PHSKF).
7. Developing a career map and personal development plan in the field of health and social care.
Course details
The Business Economics course aims to teach students how economic principles can be applied to business decision-making. This course covers supply and demand analysis, cost and revenue analysis, market structures, macroeconomic factors, and international trade.
Students will learn how to use economic models to analyze business decisions, including pricing strategies, investment decisions, and production decisions. The course also covers forecasting, risk analysis, and strategic planning.
After the successful completion of this course, you will be able to:
Managerial Economics and Demand Analysis:
- Understand the Nature and Scope of Managerial Economics.
- Understand Optimization Techniques and New Management Tools.
- Understand Demand Theory and Price Elasticity of Demand.
- Understand Demand Estimation & Demand Forecasting.
The Macroeconomic Environment:
- Understand Price Discrimination & International Price Discrimination.
- Understand Transfer Pricing & Pricing in Practice Cost-Plus Pricing.
- Explore Different Types of Pricing in Practice.
- Understand Capital Budgeting.
- Understand how to Evaluate Investment Projects.
- Understand Market failure and regulation.
- Understand Risk Analysis.
Production and Cost Analysis and Estimation:
- Understand the Classical Production Theory.
- Understand the Optimum Factor of Combinations.
- Understand the Price Elasticity of Supply.
- Understand the Short-run and Long-run Cost Theories.
- Understand the Break-even-analysis, Cost-Benefit analysis, Outscoring, and Cost.
- Understand the Learning curve, Product innovation, and Process Innovation Life-Cycle Model.
Pricing Practices and Market Failure:
- Understand Price Discrimination & International Price Discrimination.
- Understand Transfer Pricing & Pricing in Practice Cost-Plus Pricing.
- Explore Different Types of Pricing in Practice.
- Understand Capital Budgeting.
- Understand how to Evaluate Investment Projects.
- Understand Market failure and regulation.
- Understand Risk Analysis.
The Market Structure and Game Theory:
- Understand the structure of Markets
- To Compare the Different Market Structures.
- Understand the Game Theory.
- Explore different types of Game Theories.
- Understand the Nash Equilibrium.
- Understand the Prisoners’ Dilemma.
Module: Business Economics
Lecture: 5
Quiz: 1
The course's objective is to equip students with the ability to apply economic principles in the realm of business decision-making. Within this course, various subjects will be explored, including the analysis of supply and demand, the examination of cost and revenue, the study of market structures, an investigation into macroeconomic influences, and an exploration of international trade dynamics. Students will acquire the skills necessary to utilize economic models when scrutinizing a spectrum of business choices, ranging from pricing strategies to investment considerations and production planning. Furthermore, this course delves into areas such as predictive analysis, risk assessment, and the formulation of strategic plans.
The Macroeconomic Environment
Introduction to Managerial Economics & Demand Analysis and Estimation
Production and Cost Analysis & Estimation
The Market Structure & Game Theory
Pricing Practices and Market Failure
Business Economics
Accreditation
All of our courses are accredited by the relevant partners and awarding bodies. Please refer to our information in about us for more details.Entry requirement
Entry requirements for this course are flexible, with no stringent criteria in place. Having prior work experience can provide valuable insights into the course content.The certificate program aims to enrich the learner's understanding of the field and is suitable for individuals seeking to expand their knowledge and stay updated on current ideas in their respective domains. We suggest this certificate for the following groups:
- CEOs, Directors, Managers, and Supervisors
- Professionals in health and social care
- Students pursuing healthcare and medical studies
- Career counselors
- General practitioners
- Individuals in various roles within the health and social care sector
100% Online
Study online with ease.
Unlimited Access
24/7 unlimited access with pre-recorded lectures.
Affordable Fees
Our fees are affordable and easy to pay online.
How learners like you are achieving their goals
Executive Education
A smart way to enhance my knowledge within a short period of time, the course is very productive and beneficial for me...so grateful that i completed successfully...i would recommend my friends and family about the course.
Andrew Samson
MaldivesExecutive Education
Truly enjoyed the Strategic Management and Leadership Level 7 course and it provided me with a clear insight and helped me in my daily work as Plant Manager.
Jason Momodu
VietnamExecutive Education
The modules were well structured, and gave me the knowledge to make sound decisions that maximize performance.
Jason Momodu
VietnamExecutive Education
I have learned a lot and gain experienced in this course. At first, I did not have confidence when standing front of audience but now, it is a different story.
Jason Momodu
VietnamExecutive Education
Truly enjoyed the Strategic Management and Leadership Level 7 course and it provided me with a clear insight and helped me in my daily work as Plant Manager.
Joe Jonny
GhanaExecutive Education
Lorem ipsum dolor sit amet consectetur adipisicing elit. Eveniet blanditiis dolorum quo neque harum a, voluptatibus eum animi commodi esse.
Ken Ekene
NigeriaExecutive Education
A smart way to enhance my knowledge within a short period of time, the course is very productive and beneficial for me...so grateful that i completed successfully...i would recommend my friends and family about the course.
Jennifer Babatunde
NigriaExecutive Education
I have learned a lot and gain experienced in this course. At first, I did not have confidence when standing front of audience but now, it is a different story.
