N/A

This module will teach you the most essential analytical tools required for economic decision making such as: the concepts of economic systems, profit and utility maximisation, demand elasticity, market equilibrium, market structures, macroeconomic objectives, government policies’ (monetary, fiscal and trade policies) tools and their impact on businesses. You will also learn how to evaluate the advantages and disadvantages to the business of a range of sources of finance, how managers report on the financial affairs and financial position of the business, and how to analyse financial reports in order to evaluate business performance.

Upon completion of this module you will be able to:
LO1: Analyse various types of market structures in which global companies operate and establish their impact on firms’ economic activity
LO2: Analyse major macroeconomic indicators and establish their impact on a firm’s economic activity
LO3: Critically evaluate the effects that government policies have on a company’s economic activity
LO4: Critically evaluate the allocation and use of resources to achieve business goals
LO5: Assess the advantages and disadvantages of a range of sources of business finance
LO6: Evaluate a range of theories on the formulation, communication and use of financial budgets and reports