Course

Economics for Business

The MBA Economics for Business course addresses the applied use of economic concepts in business scenarios.

The course provides a framework for identifying, evaluating and analysing real-world economic information about the market and its potential impact to enable business decisions and justification for stakeholders with all levels of economic understanding.

The course explores multiple aspects of economic theory providing managers with an overarching overview of relevant economic topics in a business domain. The course aims to enable students to acquire a systematic decision-making approach and the skills to identify, exploit and interpret economic data from both within the organisation and the external environment.

Throughout your studies, you will use a large case study to showcase the actual application of the concepts and toolkit you have learnt.

Course Synopsis

The course offers an in-depth understanding of underlying economic principles and their implications for real-world business environments.

The course opens with an overview of the main economic issues in the realm of business: capital and labour market structures, their effect on organisations, and the government’s role in the broader economy.

The next part of the course covers macroeconomic issues from the perspective of their effects on business and decision-making, as well as economic questions of international significance.

At the end of the major part of the course, you will be encouraged to explore the application of the course material in a real-life business setting.

Course Learning Outcomes

On completion of the course, you will:

  • Gain a systematic approach to decision-making and learn how to identify, exploit and interpret economic information both within and outside the organisation.
  • Be able to apply economic criteria to efficiently distribute resources in a variety of business scenarios.
  • Be capable of analysing shifting market dynamics in terms of supply, demand and possible government intervention and will be able to develop appropriate strategies for organisational sustainability.
  • Be prepared to suggest appropriate pricing and market strategies despite uncertainty.
  • Be confident in articulating business decisions based on real-world economic information to stakeholders with any level of economic knowledge.
Delivery Mode Сlasses Schedule Course Duration
Online classes,
pre-class preparation
Saturday or Sunday,
twice a month
2,5 – 3 months

Who Will Benefit From the Course

  • Top managers, executives, business owners.
  • Line managers, programme office directors and project leaders, BDMs, BizDevs, operations managers, etc.
  • Entrepreneurs seeking to scale a business.
Economics for Business

Start date: Upcoming
Enrolment by: Upcoming
Duration: 2,5 months
Format: online classes and pre-class preparation, Saturday or Sunday, twice a month
Get in touch

Interested in more information?
Download the detailed course syllabus

Programme Language

  • The British MBA programme is delivered in English.
  • 99% students of our hub don’t master English as the mother tongue. Reach out to us to check the language proficiency requirements and test your knowledge.
  • The recommended level of English is IELTS 6.5 (reading).
  • To inquire about student experiences, please get in touch with us.

Study Portal and Materials

  • All the necessary course materials and resources are available within virtual learning environment. You’ll have access to digital textbooks, notes, videos, and additional learning resources to support your studies.
  • We aim to ensure that you have everything you need to succeed in your MBA programme.

You can complete the Economics for Business course as a standalone programme.

Further, you can continue your MBA programme
by enrolling to the next courses.

Admission requirements

Business experience

Management experience – 3+ years (senior or middle managers / entrepreneurs / business owners).

Higher education

Higher education diploma, and professional certificates (if any).

English proficiency

English language proficiency at IELTS 6.5 (reading). The level of language proficiency is verified during an interview and a motivational essay.

How to apply for an MBA programme

Curriculum vitae

Submit your CV or LinkedIn link.

Individual interview

Hold an individual interview online or in person with a campus representative.

Motivational essay

Submit your essay in English. Outline the key reasons why you want to get an MBA, highlight your career goals and expectations from the programme, etc.

Tuition Fees and Awards on the Path to MBA

The fee includes admission to Edinburgh Business School, support during the course, course materials, live tuition classes remotely or in Kyiv (as applicable), assessment attempt.

COST OF 1 COURSE

  • $ 2980
  • Course Completion Certificate

COST OF 3 COURSES

  • $ 8940
  • Postgraduate Certificate in Business Administration

COST OF 6 COURSES

  • $ 17880
  • Postgraduate Diploma in Business Administration

COST OF 9 COURSES

  • $ 26820
  • Master Degree in Business Administration

Tutor

Andriy Stavytskyy

Doctor of Economics, Associate Professor of the Department of Economic Cybernetics, Faculty of Economics, Taras Shevchenko National University of Kyiv, Visiting Professor at Vilnius University (Lithuania).

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National expert on reforming higher education within the Bologna Process, member of the Scientific and Methodological Council and ECTS Coordinator of Taras Shevchenko National University of Kyiv. Visiting Professor at the Kyiv School of Economics. Mr. Stavytskyy was awarded 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 abroad. Author of over 120 scientific papers, 30 textbooks, manuals, and monographs.