What are the BA1 Fundamentals of Business Economics online course modules?

• Introduction to Economics
• The Price Mechanism
• Elasticity of Demand and Supply
• Market Failures and Price Regulation
• Costs and Growth of the Firm
• Market Structures
• National Income
• Money and Banking
• Inflation and Unemployment
• Government Policies to Influence an Economy
• The International Environment
• Summarising and Analysing Data
• Forecasting
• Financial Markets and Techniques

What does the BA1 Fundamentals of Business Economics online course cover?

The BA1 Fundamentals of Business Economics course covers:

• Explain the macroeconomic phenomena, including price inflation, the equilibrium and growth in national income, unemployment and trade deficits/surpluses.
• Understand the various stages of the trade cycle and the impact that it has on the economy and individual organisations.
• Gain insight into the principles of public finance, including the various aspects of taxation and financial deficit.
• Learn about the snippets of the national policy which are relevant to trade.
• Explore the concept of globalisation and the consequences that it can have on businesses and organisations. Apply this knowledge to your work with prospective employers.
• Understand the differences in goals set by profit-seeking organisations, NPOs and governmental organisations.
• Learn how shareholder wealth and stakeholders can impact on the goals of a business.
• Demonstrate and calculate the point of profit maximisation using total cost and total revenue data.
• Explore the concept of price elasticity of supply and demand and the effects that they can have on an organisation’s revenue.
• Learn how price regulation can impact goods and factor markets and the impact of competition on price, output and profitability.
• Explore the concepts of liquidity, the foreign exchange market, the role of financial intermediaries and how supranational organisations can help to stabilise the market and encourage economic growth.