Award in Economics for the Work Environment (MQF 7)

Unit 1

Introduction to Economics

This unit introduces learners to the basic terms and concepts of economics and the reasons why managers need economics in the workplace.

Unit 2

Microeconomics

This lesson delves into demand, supply and equilibrium, and demonstrates how prices are established in an organisation to help learners get a better understanding of market structure. The unit also illustrates to learners how to comprehend customer demand and behaviour whilst analysing cost analyses in the short and long term.

Unit 3

Macroeconomics

This unit introduces learners to numerous macroeconomic activities, such as how consumers, governments, and organisations spend their money on products and services, and how the Macro Economy's balance of payments difficulties.

Unit 4

Decision Making

This unit presents the fundamental ideas for combining micro and macro economy analysis and explores the usage of micro and macroeconomics in decision-making.

Award in Economics for the Work Environment (MQF 7)

€1,440
Award in Economics for the Work Environment

About this course

The MQF 7 Award in Economics for the Work Environment introduces aspiring and practising managers to the world of micro and macroeconomics, applying fundamental economic principles to real-world business challenges.

 

The course will equip learners with the tools and techniques needed to develop effective pricing strategies, evaluate market demand, implement economic analysis, identify sources of competitive advantage and undertake strategic decisions to compete in the marketplace and drive business success.

 

 

Duration

2 Months

Start Date

2023

Delivery

Face-to-face

Credits

6 ECTS Credits

Awarding Body

This qualification is awarded by Central Mediterranean Business School (CMBS).

 

This qualification is accredited by the Malta Further and Higher Education Authority. MFHEA deems this Award in Entrepreneurship and Innovation to be at Level 7 in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.

 

Entry Requirements

Flexible entry requirements. Applicants should normally hold a Bachelor’s Degree – however, we may also assess other factors including your career progression, and leadership and entrepreneurship qualities. If you do not meet the standard entry requirements and are adequately prepared to succeed in this programme, we welcome and encourage you to contact us for an interview.

 

Assessment Mode

A mixed-method assessment approach will be utilised for this programme.

 

Delivery Mode

This Award in Economics for the Work Environment is delivered through classroom-based learning.

 

Who is this course for?

This course is intended for those who are aged 21+ and aspire to aid managers in making economic decisions.

 

Language of Instruction

This programme will be delivered in English.

 

Location of Lectures

Lectures will be delivered at Business Leaders Hub, 160, Mdina Road, Zebbug, Malta, ZBG 9015.

 

How to Apply

Interested candidates can apply by sending an email to admissions@cmbs.edu.mt or by calling us on 2247 0728/48 or 00356 9912 1110. Applicants will be provided with a link to complete our booking form and will be requested to submit any relevant documents required to process the application.

 

Have questions?

Email us at admissions@cmbs.edu.mt or call us on 2247 0728/48 or 00356 9912 1110 to learn more.

 

 

Price (EU Students):

€1,440

€1,008 will be refunded via the Jobsplus Investing in Skills Scheme
Pay only €241

Price includes:

  • Access to a comprehensive student management system
  • Overall qualification certificate

  • Course material tutorial support notes
  • Access to online course resources

Syllabus

Unit 1

Introduction to Economics

This unit introduces learners to the basic terms and concepts of economics and the reasons why managers need economics in the workplace.

Unit 2

Microeconomics

This lesson delves into demand, supply and equilibrium, and demonstrates how prices are established in an organisation to help learners get a better understanding of market structure. The unit also illustrates to learners how to comprehend customer demand and behaviour whilst analysing cost analyses in the short and long term.

Unit 3

Macroeconomics

This unit introduces learners to numerous macroeconomic activities, such as how consumers, governments, and organisations spend their money on products and services, and how the Macro Economy's balance of payments difficulties.

Unit 4

Decision Making

This unit presents the fundamental ideas for combining micro and macro economy analysis and explores the usage of micro and macroeconomics in decision-making.