Description
Economic Principles is
geared towards providing personnel within the working environment, with a knowledge and
understanding of the principles of economics relevant to the business world. It is geared
towards individuals with at least a matric/grade 12 level of education, possibly with some
tertiary level exposure, in a field other than economics. It covers a wide sweep of
economics, both macro and micro, to provide a foundation stone to attendees to enable them
to appreciate and use economics in a business context.
Key Coverage
Includes:
- relative scarcity
- opportunity costs
- markets
- analysis of demand and supply
- market equilibrium
- the role of prices
- input and labour markets
- production factors
- households
- business enterprises
- government
- foreign sector
- balance of payments
- capital investment
- interest
- productivity and economic growth
- wage and employment determination,
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Issues
Addressed
- What role do individuals, businesses and
governments play in our economy?
- What issues and circumstances could affect our
business financially?
- How can economic indicators be used to analyse
the current business environment?
- How does South Africa fit into the global
economy?
- What factors determine wages, employment and
unemployment?
- How can we maximise productivity?
Training
Is generally provided in-house
at the venue of the company concerned, but can be separately arranged if needed. Groups
of 10 to 20 people are preferred. A set of course notes is provided to delegates.
The contents of the course can be tailored to meet the client’s needs
Presented by
Economic graduates working for
Econometrix (Pty) Ltd. They have the working background and support of an organisation
dedicated to economic analysis in a business context.
User Benefits
- A comprehensive and concise course that can be
tailored to the company’s needs.
- Acquisition of knowledge that is applicable to
the everyday work environment.
- A deeper understanding of the South African
and global economy.
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