Economics for Business course

Accelerate your career with international education while staying fully employed

Next semester starts on Janurary, 29 2023 >>

▸Short course content:

The course covers aspects of economic theory and has emphasis on the practical application of economic concepts to business situations. A synoptic case study is used at the end of each module to demonstrate how each part of economic theory can be applied.

▸Topics covered by the course:

The course provides managers with an overview of relevant economic issues in a business context. The course starts by outlining fundamental economic concepts and examining the workings of the market system. Different market structures and their impact on organisations are reviewed and the role of government in the economy is examined. Relevant aspects of the macroeconomy are introduced with a focus on business impact and decision-making. This is followed by an exposition of international economic issues. The course ends with a research activity that will pull all the strands of the course together, and prepare students fully for the assessment.

On completion of this course students will be able to:

∙ Apply economic criteria for efficient resource allocation to a diverse range of dynamic business situations.

∙ Analyse changing market conditions in terms of supply, demand and possible government intervention and formulate appropriate and sustainable organisational responses.

∙ Propose appropriate economic solutions that draw on a robust, critical awareness of the role of information in the market economy.

∙ Evaluate and apply appropriate approaches to economic challenges in relation to social and private costs, taxation and government regulation.

∙ Propose relevant pricing and market strategies for a variety of market structures and in the presence of market failures.

∙ Recommend appropriate courses of action to deal with economic uncertainty, through evaluation of changes in macroeconomic variables and policy-making.

∙ Use diverse forms of economic information from both the environment and the organisation to evaluate and propose solutions to business problems.

▸Who will benefit from the course:

▸ senior management, CEO, COO

line managers, heads of departments, project leaders

entrepreneurs

Video-presentation of the course:

Economics MBA_A Stavytskyi_Edinburgh Business School

Course tutor - Andriy Stavytskyi

Doctor of Economics, Associate Professor of the Department of Economic Cybernetics, Faculty of Economics, Taras Shevchenko National University in Kyiv, Ukraine.
National expert on higher education reform in the framework of the Bologna Process, member of the Scientific and Methodological Council.
Tutor of Economics for Business (Edinburgh Business School, Heriot-Watt University, UK). Invited Professor of Vilnius University (Lithuania) and Kyiv School of Economics.
Had been awarded the Diplomas of the National Academy of Sciences of Ukraine (2001) and the Ministry of Education and Science of Ukraine (2008-2011).
Member of the editorial board of the journal Ekonomika (Lithuania, Vilnius University), since 2021 - Managing Editor of the journal Ekonomika and reviewer of economic journals in Ukraine and the world. Author of more than 120 scientific papers, 30 textbooks, manuals, monographs. Areas of research interests: economic security of the state, geopolitics, economic and mathematical modeling, information systems in economics, microeconomic modeling, reforming higher education in Ukraine within the Bologna process.

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