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.
The European Business Summer School Program aims to develop the students' knowledge in European Business Environment and an understanding of the major challenges of sustainable development and corporate responsibility.
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.
Experience what it takes to do business in Europe successfully. Focus on European economy, zoom in on business life and Europe, and take your business competences to the ultimate test: a real-life management game on strategic marketing, finance or entrepreneurship.
2013 main focus will be “Methodology and Regional Development in the Industrialized World”
An interdisciplinary course dealing with current issues in politics, international affairs and global governance.
The ISM Summer University in the Baltics will take place from the 2nd of July to the 20th of July 2012 (3 weeks) and will enable undergraduate students to study during the best time of the year in one the fastest changing regions of Europe.
This course is offered by the Tilburg Law and Economics Center (TILEC), a Center of Excellence at Tilburg University renowned globally for its research on the governance of economic activity. It aims at providing a non-technical introduction to the main legal and economic issues encountered in today’s global business life.
We will focus on government failures caused by the strategic decisions taken by firms, voters, policymakers or civil servants. In particular, we will examine wasteful rent-seeking behaviour and the bureaucrat’s influence on an excessive budget provision.
T.I.M.E. EUROPEAN SUMMER SCHOOL (TESS) - SUSTAINABILITY & ECONOMICS - UNIQUE OPPORTUNITY TO MEET, INTERACT AND WORK NOT ONLY WITH PROFESSIONALS FROM THE FIELD OF SUSTAINABILITY BUT ALSO WITH STUDENTS FROM ALL OVER THE WORLD.
This course deals with the effects of Financial and Securities Law on the global and European Economy, and vice versa. The Credit Crunch was caused by, amongst others, an inefficient regulation of securitization (of mortgage products) and poor governance of banks. The Eurocrisis showed the effects of the lack of rules and tools on the European economy. By way of lectures, participation in workshops and writing a paper, participants get insights in these issues while formulating solutions for a more sustainable financial system.
Alternative investments have demonstrated strong performance and tremendous growth over the last twenty years. They have become part of the investment management mainstream and are expected to continue to grow rapidly. Not only hedge funds, but also private equity and investments in real estate, art, and even fine wines will experience growth. Alternative investments are however considered to be volatile, high risk, and more complex than traditional assets. By participating in the Alternative Investment program of the SML Summer Academy, you will gain the skills and the know-how to master this growing investment area.
The course introduces participants to the linkages between business and human rights from a variety of (legal, regulatory, and policy) perspectives. The content and implementation of the 2011 UN Guiding Principles on Business and Human Rights take a center stage. Participants become familiar with the main actors in business and human rights, and their respective duties and responsibilities.