Managerial Economics

MANAGERIAL ECONOMICS

MODULE 1

Learning to think in greater business contexts and to understand the market!

TARGET GROUPS

• Executives and persons responsible from middle and senior-level management, who wish to develop their economic competence and improve their qualification
• Decision-makers in companies and public administration
• Self-employed persons and freelancers
• Lawyers with an economic sphere of activity

YOUR BENEFITS

You will be provided an introduction into economic thinking and learn the use of basic tools of economic analysis. You will be familiarized with optimization approaches, practice thinking outside the box and learn to assess these approaches by ranking. In addition, you will receive an in-depth insight into companies' scope of action in various market types.

COURSE CONTENTS

Session 1: Economic Concepts at a glance

• Keynesianism

• Monetarism

• The Magic Polygon

Session 2: Economic Regions and Institutions

• Free-Trade Areas
• G8 and G20
• OECD, World Bank and IMF
• EU, Euro Zone and ECB

Session 3: Economic Figures and Forecasts

• Nominal and real Gross Domestic Product, GDP growth rates and per capita GDP
• Nominal and real interests
• Inflation rate
• Budget deficit and national debt
• Unemployment rate and real wage development
• Foreign Trade and Trade Balance
• Tax and contribution ratio

Session 4: Threats to western economy

• Terrorism and wars, climate change and migration
• Developments in world trade
• Production in emerging markets and low-wage countries
• Labor- and wage costs
• Ageing of the population

LECTURER

o.Univ.-Prof. Mag. Dr. Edwin O. Fischer, University Graz

TIME & VENUE OF LECTURES

Palais Kottulinsky, Beethovenstraße 9, 8010 Graz

PARTICIPATION FEES

390.-

DATES & REGISTRATION

as of October 2012

Friday, 2.30 p.m. – 8.15 p.m.
Saturday, 8.30 a.m. – 4.45 p.m.