Business Economics gives you the theoretical foundations of the subject, with a focus on business calculations, pricing and inventory costs. You learn to interpret financial reports, including key figures, and to make full cost calculations and different types of budgets. The course deepens your understanding of economic conditions and development trends, and emphasises the importance of optimising profitability for both the customer and your own company.
The course aims to provide knowledge of the subject of business economics and insight into the role of business economics in the economy as a whole. The goal of the course is to provide knowledge of the company's taxes and charges, income and costs, and balance sheet and income statement. The student should be able to assess a company's cash flow and liquidity, use key figures to identify a company's strengths and weaknesses, and carry out product and investment calculations. The course also aims to give the student the skills to evaluate and analyse how price changes affect the total purchasing calculation, and an understanding of the financial impact of the procurement process on capital tied up in current assets.
The course aims to provide knowledge of the subject of business economics and insight into the role of business economics in the economy as a whole. The goal of the course is to provide knowledge of the company's taxes and charges, income and costs, and balance sheet and income statement. The student should be able to assess a company's cash flow and liquidity, use key figures to identify a company's strengths and weaknesses, and carry out product and investment calculations. The course also aims to give the student the skills to evaluate and analyse how price changes affect the total purchasing calculation, and an understanding of the financial impact of the procurement process on capital tied up in current assets.
The basics of business calculations, pricing and inventory costs.
Reading and interpreting financial reports and key figures.
Preparing and applying full cost calculations in practice.
Different types of budgeting and their uses.
Economic conditions, development trends and profitability optimisation.
The course is aimed at students in TUC's YH programmes who need basic knowledge of business economics as part of their future professional role, for example in sales.
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