Fundamentals of Economics at ABMS

SWITZERLAND UNIVERSITY

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

textbooks 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.
Study Language: this study program taught entirely in
English.

Advance Your Expertise at ABMS

Connect with learners and leaders just like

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bachelor's student at ABMS.

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Admission Requirements:

This study program is the 1st academic year of

the Bachelor study program
Duration: one year
Degree:Diploma in Fundamentals of
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: 4900 Euro

Modules:

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

Note: Study fee does not include application and

reservation fee (to guarantee you a study place)
of 240 Euro (onetime payment and nonrefundable).
European Credit Transfer and Accumulation
System:this program is equivalent to 60 ECTS
European Qualifications Framework:this
program is equivalent to EQF Level 4

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