The course starts with a basic but rigorous introduction to economic concepts and tools of analysis. It then moves on to discuss introductory microeconomic supply and demand analysis and different market structures.
The macroeconomic section of the course commences with the circular flow of income and the multiplier which are used as the bases of a discussion of the impact of government activity and foreign trade upon economic activity. We then turn to the consideration of money, banking and monetary policy and the effect of these upon the level of economic activity. This leads into an overview of IS/LM analysis, of the different schools of macroeconomic thought and finally of introductory issues of international trade.
Throughout the course we will reflect the textbook’s approach of seeking to relate the theory covered to current data on the Swiss and world economies.
- Discuss and explain the problems of, and the difference between macro and microeconomics, including the basic theories of demand and supply.
- Describe the fundamental principles of and also the workings of the international trade system.
- Explain and evaluate the Keynesian, Classical and Monetarist schools of thought, and the models to which they give rise; and the concept of national income as a measure of societal well being. Evaluate the rationale for the various forms of Government Intervention in the economy, and provide analyses of the likely effects of fiscal and monetary policy in each of the different models upon all of the important macroeconomic variables (e.g. employment, national income, output and inflation).
- Apply supply and demand analysis to the working of markets both in equilibrium and disequilibrium, including examination of the effects of such matters as price restrictions, quotas and taxation.
- Demonstrate the effects of different market structures (perfect competition, monopoly, monopolistic competition and oligopoly) upon the conduct (particularly pricing policy) and performance of business organisations, and give examples of the forms and effects of government intervention in this area.
- Apply economic theories to a range of business problems and suggest possible solutions based on these theories.
- Apply quantitative techniques to well specified problems.
Advance Your Expertise at ABMS
Connect with learners and leaders just like you in our online associate bachelor's programs. You will go as far as your mind will take you as a diploma or associate bachelor's student at ABMS.
The Swiss Diploma (Year 1) or Associate of Bachelor's of Business Administration signifies the first level of achievement in any academic discipline. In our executive bachelor's programs, you will:
- Develop and practice innovative research methods.
- Earn the highest quality of education.
- Achieve the expertise to publish in peer-reviewed journals.
- Become a successful researcher and professional.
Associate Bachelor's Diploma/ Swiss Diploma: 2 years/ 1 year
The Swiss diploma associate bachelor's diploma will take your leadership to the next level. In our associate bachelor's programs, you will:
- Lay the foundation for future for studies and professional achievement.
- Study and apply innovative research methods.
- Combine applied research and professional practice.
- Prepare to make an impact in policy and practice.
- Learn strategies to facilitate more effective, adaptable organizations and create positive change.
- Become a more innovative leader in your field.
Study Language: this study program taught entirely in English.
- Essentials of Management
- Fundamentals of Economics
- Communications for Business
- Understanding Business Organisations
- Business Mathematics
- Introduction to Finance
- Principles of Marketing
We have 4 intakes per year: January, April, July, and October
This study program is the 1st academic year of the Bachelor study program
Duration: 1 year
Diploma: Diploma in Economics
Age: Minimum age 17 years
Previous study: High school Diploma or equivalent
English level: IELTS or equivalent (Only for students from non-English speaking countries or students who did not study at English speaking school)
Study Method: Online
Fee: 5900 Euro
European Credit Transfer and Accumulation System: this program is equivalent to 60 ECTS
European Qualifications Framework: this program is equivalent to EQF Level 4
Note: Study fee does not include application and reservation fee (to guarantee you a study place) of 240 Euro (onetime payment and non-refundable).
This school offers programs in:
Last updated April 24, 2016