Diploma in Economics

ABMS The Open University Of Switzerland

Program Description

Diploma in Economics

ABMS The Open University Of Switzerland

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.

Learning Outcomes

  • 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.

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Study Language: this study program taught entirely in English.

Modules:

  • Essentials of Management
  • Fundamentals of Economics
  • Communications for Business
  • Understanding Business Organisations
  • Business Mathematics
  • Introduction to Finance
  • eBusiness
  • Principles of Marketing

We have 4 intakes per year: January, April, July, and October

Admission Requirements:

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:
  • English


Last updated April 24, 2016
Duration & Price
This course is Online
Start Date
Start date
Mar., 2017
Duration
Duration
1 year
Part time
Price
Price
5,900 EUR
Information
Deadline
Start date Mar., 2017
Place
Switzerland Zurich
Application deadline Request Info
End date Request Info
Duration 1 year
Price 5,900 EUR