Economics for Managers

This course has been designed to introduce the fundamental principles of economic theories, models and tools employed by the Government, firms and other stakeholders to manage the economy. The course examines various micro and macroeconomics topics, including demand and supply model, cost of production, resource allocation, market structures and market failures, macroeconomic indicators such as GDP, economic growth, inflation and unemployment, monetary and fiscal policy, and international trade. In this course, students will also learn how to analyse the labour market, financial market and global economic issues such as financial and other crises.

Reed courses certificate of completion

Digital certificate - Included

Certificate of completion

Digital certificate - £3

• Course text 2:24:00

  • 1: Course Text 2:24:00

• Unit 1: Operations of an Economic Entity: Enterprise Resource Planning 16:05

  • 2: Lecture 1.1: Operations of an Economic Entity: Enterprise Resource Planning Preview 03:12
  • 3: Lecture 1.2: The Hierarchical Perspective Preview 02:02
  • 4: Lecture 1.3: Enterprise Resource Planning ERP Preview 01:18
  • 5: Lecture 1.4: Technology's Role in Business 03:23
  • 6: Lecture 1.5: Types of Information Systems 03:12
  • 7: Lecture 1.6: Interrelations Between Systems 00:50
  • 8: Lecture 1.7: Functional IT Systems 01:08
  • 9: Knowledge Quiz 1: 01:00

• Unit 2: Entrepreneurship Creativity & Innovation 34:44

  • 10: Lecture 2.1: Enterprise Resource Planning: External Priorities 01:47
  • 11: Lecture 2.2: Why ERP? 01:55
  • 12: Lecture 2.3: Overall Implementation Requisites for ERP 02:10
  • 13: Lecture 2.4: Challenges of ERP Implementation in Business 01:56
  • 14: Lecture 2.5: Senior and Project Management 02:41
  • 15: Lecture 2.6: Critical Factors for Successful ERP Implementation 06:36
  • 16: Lecture 2.7: Implementation Steps 03:24
  • 17: Lecture 2.8: ERP: Integration and Supply Chain Support 01:47
  • 18: Lecture 2.9: Web Services Integration Options 01:54
  • 19: Lecture 2.10: Market Information and Sales Orders 02:04
  • 20: Lecture 2.11: Benefits of the Marketing Information System 02:16
  • 21: Lecture 2.12: Customer Relationship Management 02:26
  • 22: Lecture 2.13: Customer Relationship Management Functions 01:48
  • 23: Knowledge Quiz 2: 02:00

• Unit 3: Enterprise Resource Planning: Internal Priorities 17:26

  • 24: Lecture 3.1: ERP: HR Planning and Utilization 02:30
  • 25: Lecture 3.2: What is an HRIS? 04:36
  • 26: Lecture 3.3: ERP: Electronic Commerce - Accounting System Interface 03:50
  • 27: Lecture 3.4: E-Commerce Supply Chain Management Solutions 04:10
  • 28: Lecture 3.5: Problems in ERP and E-Commerce Integration 01:20
  • 29: Knowledge Quiz 3: 01:00

• Unit 4: Operational Indicator, KPI's & Metrics 28:16

  • 30: Lecture 4.1: Operational Indicator, KPI's and Metrics 02:48
  • 31: Lecture 4.2: What is Metrics? 01:24
  • 32: Lecture 4.3: Need for Metrics in Testing and Quality Analysis 00:56
  • 33: Lecture 4.4: Metrics Continued 03:53
  • 34: Lecture 4.5: What are Quality Metrics 03:29
  • 35: Lecture 4.6: Tips of Selection of Quality Metrics 01:52
  • 36: Lecture 4.7: Lead, Spot & Lagged Indicators - Drive, Monitor & Report Indicators 05:21
  • 37: Lecture 4.8: Lean Manufacturing and Agility 04:55
  • 38: Lecture 4.9: Quantitative vs. Qualitative Indicators and Measurement Scope 01:38
  • 39: Knowledge Quiz 4: 02:00

• Unit 5: Measurement and Presentation Tools 27:55

  • 40: Lecture 5.1: Measurement and Presentation Tools 02:17
  • 41: Lecture 5.2: Mechanisms of Success 03:10
  • 42: Lecture 5.3: Monitoring, Evaluation and Reporting 04:57
  • 43: Lecture 5.4: Balanced Scorecard Perspectives 04:20
  • 44: Lecture 5.5: Strategy Mapping 03:02
  • 45: Lecture 5.6: Balanced Scorecards vs. Dashboards 03:33
  • 46: Lecture 5.7: Metrics Measurements: IT Systems in ERP 03:36
  • 47: Knowledge Quiz 5: 03:00

Upon the completion of this subject, students will be able to:
• Gain a high-level understanding of the basic principles of economics and international trade.
• Analyse and use theories, concepts and tools of economic analysis for applications in the relevant industries.
• Analyse and evaluate the complex forces that affect the economic wellbeing of consumers, producers and the community in the market system.
• Undertake research and apply theoretical and practical knowledge of economics in investigating the issues related to organisations and countries and the formulation of appropriate economic solutions and economic policies.
• Undertake research and apply theoretical and practical knowledge of economics in investigating the issues related to organisations and countries and the formulation of appropriate economic solutions and economic policies.

• Economist
• Business Managers
• Students
• Self Employed Individuals
• Start-up Companies
• Executives
• Entrepreneurs

• No prerequisites.
• No materials distributed.
• No formal assessments required.

• Administrator
• Banker
• Banking and Finance Professional
• Business Analyst
• Corporate Secretary
• Economist
• Financial Advisor/Analyst
• Financial Project Manager
• Government Officer
• Investment Manager
• Policy Officer
• Public Servant
• Quantitative Analyst
• Risk Manager
• Statistician
• Stockbroker

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