Equip yourself with knowledge on business economics and applied economics!
Short Course on Business Economics
The course ‘Business Economics’ will provide you the knowledge to assess the aims and objectives of business economics, understand the concept of applied economics and its usefulness. The course content is designed under 04 lessons which helps you understand data presentation and collection, quantitative indicators for business decision making, business economics and statistical indicators & types of market failure on business activity.
You are not required to demonstrate previous experience or knowledge on managerial economics or the principles of economics to succeed in this course. As future business analysts it is important to work on novel and hypothetical scenarios and know the required tools and theories to analyse the business environment. Such frames the overall aim of our short course on Business Economics.
However, remember to build dialogue with your online class mates and share your ideas and understanding of each of the lessons and topics. And please also ensure that each week you complete the assigned tasks and activities to reap the full benefit of this course.
Finally, the summative assessment will consolidate your learning over the 04 weeks which requires you to answer eight questions covering the key learning outcomes of this course. The assessment comprises with 02 tasks and you are required to submit a report worth 2,000 words answering all eight questions.
How it works
Data Presentation and Collection
Quantitative indicators for business decision making
Business Economics and Statistical indicators
Types of market failure on business activity
Your Tutor for the Short Course on Business Economics
Gayathri Soundaranayagam is a lecturer and a course leader at LSM, with industry experience in marketing, management, human resources, digital marketing and tourism. She is a Fellow of Higher Education Academy, UK. She tutors and supervises Postgraduate students at LSM.
Understand and use a range of data presentation, collection and analysis methods
Demonstrate the use of managerial economics techniques in business decision making
Assess the aims and objectives of business studies and economics, understand the principles of applied economics and its usefulness to businesses
Describe the term ‘market failure’ and explain its impact on business activity