Business and Economics
Admission Key Facts:
All students registered to attend our English Language courses will be required to take an English Language Placement Test, which will assess the relative abilities of each student. Students are then placed into ability groups based on the results of their assessment, and the material that they study is tailored to the level of the class.
Once you have booked your place on a course we will send you information on how to take our online Placement Test. This test should take approximately one hour and be taken by the student at least one month prior to their arrival date.
Please note that Oxford Royale Academy English courses do not cater for beginners in English.
Start Dates Mondays from 6th June – 26th August 2022 inclusive
Course duration– (Fixed/ Self-paced)- 1 week fixed.- Monday to Friday
Pathway program ONCAMPUS( face to face)
What do I need? (Time/ Tech/English skills)
Pricing: Free/ Paid -£995 GBP per week
Additional Information (if any)
Tutor Support-Our teachers are educated at the world’s best universities and many now teach in these same universities and are leading lights in their fields. They are committed to the ORA philosophy, infectiously enthusiastic, and are experts in bringing out the very best in students of all backgrounds and abilities.
Description
Course Overview
Economics and Management for ages 13-15 – Course Summary
On our course, you’ll learn about the basic economic problem concerning scarcity and choice, study the supply and demand model, different models of market structure, the occurrence of market failure (e.g. due to the absence of markets for public goods, problems of information, and externalities), and the incidence and effectiveness of government intervention. You’ll also discuss and debate the differing theories of Adam Smith, John Maynard Keynes, and Friedrich August von Hayek.
In Management, you’ll look at the different objectives that firms may have (e.g. profit-maximisation, revenue-maximisation, sales maximisation, market share) and the different organisational or market conditions under which these emerge, the impact of price elasticity on demand upon price and revenue decisions, the (managerial and other) sources of falling/rising average costs (i.e. internal/external economies of scale and dis-economies of scale), and the different techniques managers could use to motivate their workers.
Economics and Management for ages 16-18 – Course Summary
Join our course and become a business leader of the future. You’ll learn the principles of business management, economics and finance in small groups as you develop your presentation and leadership skills to give you a head-start to reach your future business goals. You’ll explore key issues in a modern, international economy and be able to analyse the business and economic environment in which we live and work. Gain an insight into what it will be like to study business, economics or a related discipline at university level.
Program Outline/Syllabus
Economics and Management for ages 13-15 –Course Topics
The following is a list of sample topics that may be covered in the course.
- Key principles of business, economics & enterprise
- Key issues in a modern economy
- What is supply and demand?
- Elasticity of supply and demand
- Market structures, equilibrium and failure
- Introduction to macroeconomics
- Exchange rates, trade and human development
- The functioning of a business within an economy
Kindly note that the exact syllabus is subject to change.
Economics and Management for ages 16-18 – Course Topics
The following is a list of sample topics that may be covered in the course.
- Key principles of business, economics & enterprise
- Key issues in a modern economy
- What is supply and demand?
- Elasticity of supply and demand
- Market structures, equilibrium and failure
- Introduction to macroeconomics
- Exchange rates, trade and human development
- The functioning of a business within an economy
Kindly note that the exact syllabus is subject to change.
Economics and Management for ages 13-15 –Learning Outcomes
By the end of the course, you will:
- Understand the key economic models, including supply and demand
- Know how markets allocate resources and why governments sometimes intervene
- Understand firms’ different objectives and how they meet those objectives
- Be able to explain the factors that affect total revenue and total cost
- Have an appreciation of how managers may seek to motivate workers
- Be able to explain economic ideas using the correct vocabulary
- Feel more confident when presenting arguments, analysis and opinions to your peers, both online and in person
- Have gained an insight into what future study and a career in the fields of economics, management and business may involve
Economics and Management for ages 16-18 –Learning Outcomes
By the end of the course, you will:
- Be able to understand and analyse the business and economic environment in which we live and work, and appreciate the impacts of economic decisions and events
- Be able to explain the principles of the international business environment and identify future trends and opportunities
- Understand how companies are affected by economic change and how problems can be turned in to opportunities
- Feel more confident when presenting your analyses, deductions and opinions to your peers, both online and in person
- Have gained an insight into what it would be like to study a degree in business management, economics or a related discipline at university level, and know what’s ultimately required to become a successful entrepreneur and business leader
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