Economics is defined as "the study of the production, distribution and consumption of goods and services in human society" in the Economist's Dictionary of Economics. The objective is to explain how economies work and how economic agents interact. Simply put, economics is the study of how people choose to use resources including, but not limited to the time, the land, buildings, equipment and the knowledge. It has unique methods for analyzing and predicting individual behavior, along with the effects of institutions such as firms and governments, or clubs and religions.
Economics is divided into two main branches; microeconomics and macroeconomics. Microeconomics looks into the behavior of basic elements in the economy, including individual markets and agents (such as consumers and firms, buyers and sellers). For instance, how the change of the price of a good would influence a family's purchasing decisions would be of interest to microeconomics. Macroeconomics, on the other hand, examines the sum total of the decisions made by individuals in a society. Hence it looks into issues affecting an entire economy such as unemployment, inflation, economic growth, and monetary and fiscal policy. As such, how a change in interest rates would influence national savings would be an issue of interest for macroeconomics.
As Russian economy develops, more and more Western companies are expanding their business in Russia or considering a market entry. Therefore they need and will need even more qualified professionals in their quest for the Russian market. Our program aims at providing you with advanced knowledge and expertise of the contemporary Russian business environment and the latest strategies and practices required to do successful business in it.
The Brussels Summer School is centred on the theme of ‘Europe and the World’ which builds upon the academic strengths of the school. Within this context various sub-themes will be also covered, these include migration, the European Union’s (EU) relationship with emerging powers such as China, and the EU’s response to the global economic crisis.
With the global economy recovering only uncertainly five years after the 2008 credit crunch, a key issue remains how to ensure sustainable growth, avoiding the excesses that led to the 2008 credit crunch and 2009 international recession, bank bail-outs and consequent sovereign debt crises.
The focus of the Optimization Modeling of Economic Systems course will be on the theoretical and practical aspects of mathematical programming and on the formulation of mathematical models with a primary focus on optimization models. This is a hands-on model building course.
To complete the certificate, students will complete the following four courses: Construction Equipment and Methods, Practical Applications of Civil Construction, Estimating Civil Construction, and Construction Materials and Processes.
This course introduces students to the field of Public Sector Economics. It provides an overview of the most important topics in Public Sector Economics, such as: microeconomic foundations (externalities, failures of a competitive market, experimental evidence), social welfare and theory of public choice, education, social security (with examples from current research agenda), taxation, and fiscal policy (including debt analysis). The course is designed in a way that allows students develop tools of analysis applicable to the topic of Public Sector Economics and contribute to class-based discussions.
This course welcomes strong personalities, future leaders, talented and creative thinkers who are interested in discussing relevant patterns for new strategies and approaches. The course offers the start of an exploration of realistic concepts of leadership towards a strengthened knowledge economy and an involved society with a focus on people's expectations (planet, people and profit).
This course deals with the effects of European Competition Law on the behaviour of businesses in EU countries. An effective common market within the EU requires fair and undistorted competition. Hence the Treaty on the Functioning of the European Union “TFEU” includeds strict rules to tackle unfair competition.
This summer, deepen your financial intellect with an insightful understanding of the world of banking and risk management, while acquiring a solid grip on the current effects our financial crisis continues to cause. During this course, you touch upon the deeper causes of the crisis by answering the question: ‘how is risk managed?’
Competitive marketing strategy programme; promising hard work and real-time experiences. Plan, implement and evaluate an international brand marketing strategy within a realistic simulated environment. In this course participants work as a marketer in a small decision-making unit of a manufacturer within a competitive industry. Your goal is to improve your firm's long-run financial performance.
Qualifying as a professional bookkeeper could see you earn up to £42,000* in a variety of rewarding roles. There are three distinct pathways you can take with your bookkeeping qualification. Either to open up your own bookkeeping practice, work within a large company or process payroll for UK companies.
The Summer School on Context-based Science Education offers lectures, seminars and workshops on educational research and development in the fields of context-based science education. The program will be tailored towards the diverse interests of master students, teachers, curriculum developers, and researchers.