Advanced Professional Certificate in Business Economics
Completion Time
1 Month
Accreditation
5 CPD Hours
Level
Advanced
Start time
Anytime
About the course
The course delves into various avenues, routes, and frameworks for building a career in the field of health and social care. Learners will gain insights into diverse career paths, their associated roles and responsibilities, and the overarching structure of healthcare and social care personnel in the United Kingdom.Upon successful completion of the course, you will acquire the ability to comprehend the following key aspects:
1. Diverse career pathways within the healthcare and social care sector in the UK.
2. Roles and job responsibilities of various professionals in healthcare and social care.
3. The NHS Career Framework.
4. The Knowledge and Skills Framework (KSF).
5. National Occupational Standards (NOS).
6. The Public Health Skills and Knowledge Framework (PHSKF).
7. Developing a career map and personal development plan in the field of health and social care.
Course details
The Business Economics course aims to teach students how economic principles can be applied to business decision-making. This course covers supply and demand analysis, cost and revenue analysis, market structures, macroeconomic factors, and international trade.
Students will learn how to use economic models to analyze business decisions, including pricing strategies, investment decisions, and production decisions. The course also covers forecasting, risk analysis, and strategic planning.
After the successful completion of this course, you will be able to:
Managerial Economics and Demand Analysis:
- Understand the Nature and Scope of Managerial Economics.
- Understand Optimization Techniques and New Management Tools.
- Understand Demand Theory and Price Elasticity of Demand.
- Understand Demand Estimation & Demand Forecasting.
The Macroeconomic Environment:
- Understand Price Discrimination & International Price Discrimination.
- Understand Transfer Pricing & Pricing in Practice Cost-Plus Pricing.
- Explore Different Types of Pricing in Practice.
- Understand Capital Budgeting.
- Understand how to Evaluate Investment Projects.
- Understand Market failure and regulation.
- Understand Risk Analysis.
Production and Cost Analysis and Estimation:
- Understand the Classical Production Theory.
- Understand the Optimum Factor of Combinations.
- Understand the Price Elasticity of Supply.
- Understand the Short-run and Long-run Cost Theories.
- Understand the Break-even-analysis, Cost-Benefit analysis, Outscoring, and Cost.
- Understand the Learning curve, Product innovation, and Process Innovation Life-Cycle Model.
Pricing Practices and Market Failure:
- Understand Price Discrimination & International Price Discrimination.
- Understand Transfer Pricing & Pricing in Practice Cost-Plus Pricing.
- Explore Different Types of Pricing in Practice.
- Understand Capital Budgeting.
- Understand how to Evaluate Investment Projects.
- Understand Market failure and regulation.
- Understand Risk Analysis.
The Market Structure and Game Theory:
- Understand the structure of Markets
- To Compare the Different Market Structures.
- Understand the Game Theory.
- Explore different types of Game Theories.
- Understand the Nash Equilibrium.
- Understand the Prisoners’ Dilemma.
Accreditation
All of our courses are accredited by the relevant partners and awarding bodies. Please refer to our information in about us for more details.Entry requirement
Entry requirements for this course are flexible, with no stringent criteria in place. Having prior work experience can provide valuable insights into the course content.The certificate program aims to enrich the learner's understanding of the field and is suitable for individuals seeking to expand their knowledge and stay updated on current ideas in their respective domains. We suggest this certificate for the following groups:
- CEOs, Directors, Managers, and Supervisors
- Professionals in health and social care
- Students pursuing healthcare and medical studies
- Career counselors
- General practitioners
- Individuals in various roles within the health and social care sector
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