Business & Economics

Short Courses in Economics

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More information about the Economics discipline

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.

Suggested Study Programmes

  • Short Course in AAT Combined Levels 2 & 3

    Choosing to study the AAT Accounting Qualification with ICS will start you on the path to a successful accounting and finance career. Our combined AAT Level 2 Certificate & Level 3 Diploma in Accounting allows you to study the first two AAT qualification levels in one affordable package.

  • Short Course in Financial Crimes Investigator

    The online Financial Crimes Investigator Certificate blends criminal justice with forensic accounting, giving you the skills to successfully identify and stem the tide of small financial crimes in your workplace before it becomes a tsunami. You will receive college credit for this six-course certificate.

  • Short Course in An Introduction to Business Studies

    This course introduces you to the different internal and external elements of a business, helping you to understand the context in which a business operates. It explores common aims and characteristics of business and what makes them different. Business structures, cultures and functions are identified and the political, social, economic, technological and ethical considerations affecting business are introduced.

  • Short Course in New Economic Powers (Online)

    In the global economy of the 21st century, Brazil, Russia, India, and China (BRIC) are suddenly emerging as major players, shaking up the existing order, and generating waves of uncertainty around the world. Will the U.S., Japan, and Europe be surpassed by these new economic powers? How did these countries achieve their success? Will that success last? What lessons can be learned from their strategies? And how will the world be reshaped by their emergence?

  • Short Course in CEMFI Summer School

    CEMFI Summer School was created in 1997. Its aim is to provide practitioners and academics from all over the world with an opportunity to update their training in fields within CEMFI's range of expertise. Several different and independent one-week courses are taught each year, during the last weeks of August and the first weeks of September.