Economy: The basics

Even minor fluctuations in an economy can have a knock-on effect at every level of society, and can affect the job security and future income as well as financial markets,.
People working in the financial and banking industry must understand and be able to analyse the economic and financial environment.

Evaluation et titre décerné

Written exam with certificate of successful completion (minimum grade required 4).

Public

Anyone interested in the financial industry and economics.

Objectifs

By the end of this course students should be able to :

• have basic knowledge of economics by utilising and understanding the adequate terms.

• understand, analyse and interpret economic statistics, financial reports and the financial press.

Contenu

FUNDAMENTALS OF ECONOMICS

• Defining economics

• The 10 principles of economics

MICROECONOMICS AND MACROECONOMICS

• Difference between microeconomics and macroeconomics

• Economic growth

• National account

• Inflation, stagflation, deflation, hyperinflation

BUSINESS CYCLES AND ECONOMIC CYCLES

• Defining cycles

• Economic Data

• How to read and analyse economic data

• Economic indicators : leading, coincidence, lagging

Central Banks

• Their role and mission

Méthode

Interactive courses, practical exercises and case studies.

Matériel

• Books: N. Gregory Mankiw : Principles of Economics; Samuelson & Nordhaus : Economics

• Teacher’s handouts

• Articles from the press and economic studies

Intervenants

Professionals in the field, selected on the basis of their expertise and skills.

Durée et organisation

26 periods of 45 min. Evening session from 18h15 to 21h15 (subject to modifications)