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.
Swiss banks manage private wealth from all over the world, mainly as a result of favorable environmental factors like economic and political stability and strict privacy laws. This, together with traditional values like trustworthiness and discretion has made Switzerland one of the world’s leading wealth management centers, alongside the US and the UK. With a market share of 27%, Switzerland is the biggest manager of off-shore private assets.
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).
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.
This course is a financial management game especially designed for those (aspirant) professionals who are interested in financial decision-making processes. Participants learn how to make sound policy decisions in the field of finance. Focus will be on the interdependency of investment decisions with regard to production, marketing and finance. Support and test financial policymaking by setting up liquidity budgets, operating budgets, capacity planning and cost analyses.
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.
The Economics of European Integration - The course provides a rigorous analysis of the economic rationale for the European Union, and the central theoretical and empirical issues raised by the process of European integration.
Institutions of political economy and economic policy - The course describes the main economic and industrial dynamics that have interested Italian and world economy in the last two centuries. In detail, by using economic instruments, in the first part, it provides an analysis of Italian economic development since the unification year, by describing the changing experienced before and after the two world word, focusing on the growth dynamics experienced in the Sixties.
ETU “LETI” International Summer School offers the participants a unique opportunity to gain professional skills in a highly qualified academic environment and to enjoy the magnificent beauty of St. Petersburg.
This course responds to the need to understand the problems of running national and global economies in the wake of a major economic crisis. It starts with macroeconomics, looking at how economies work from global and integrated perspectives. It then moves to microeconomics, drilling down into the behaviour of people, firms and governments.
The course will focus on the construction of investment portfolios. For people who work in the financial world understanding the concepts of risk en return is very important. The characteristics of individual investments will be studied. Also the analysis of overall portfolio risk will be a point of focus. Modern derivative securities can be important tools to manage the risk. Apart from that, attention will be given to individual and collective psychological factors to explain the price movements in financial markets.