Economics Every Accountant Should Know
Economic concepts can help us to make better decisions. This course will challenge and develop the way you think about pricing, strategy, investment appraisal and customer relationships.
£150 +VAT
Economics Every Accountant Should Know
£150 +VAT
365 days’ access
Economics Every Accountant Should Know
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Use microeconomics to help you make business decisions
- Use supply & demand analysis of markets to understand and maximise your competitive position
- Create a strategy to secure consumer surplus and increase revenue and profitability
- Build opportunity cost into your investment appraisal systems
- Use the price elasticity of your products or services to maximise revenue
About the course
Economics is familiar to all of us. We hear about it every day on the news and we study it as part of our professional qualification. But how many of us understand how to use it to make better business decisions?
This course focuses on how accountants can use economic concepts to underpin pricing strategies and investment decisions, to create market and product strategies and to strengthen and better understand relationships with customers.
Contents
How economists think
Think like an economist
Scarcity
Economics in the news
A perfect market?
The market system
Microeconomics and the market system
Economists on Uber
Growing market size or share
Consumer surplus
Consumer surplus in action
Winning consumer surplus
Making pricing decisions
Elasticity of demand
Price elasticity
Making pricing decisions
Elastic markets
Making business decisions
Business purpose
Profit maximisation
Fixed and variable costs
Complexity of objectives
The economic environment
The economic environment
Bluff your way in macroeconomics
Key indicators: Inflation
Key indicators: Unemployment
Key Indicators: Interest rates
Author
Alan Nelson
Alan Nelson is the founder of accountingcpd and has a keen interest in economics and in management skills training in the accountancy profession. He has been Chair of ICAEW’s Practice Assurance Committee, and a member of ACCA’s SME Committee and of IFA’s Regulatory Committee. He is currently a member of the Bank of England’s Decision Making Panel.
36 reviews for Economics Every Accountant Should Know
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Ian Lewis –
Really enjoyed the content and the real life examples.
Peter Donnelly –
interesting
John Mwanza –
Economic knowledge is not only relevant but essential for NGOs, enabling better planning, stronger decision-making, and a more sustainable organisation that can continue to deliver impact in a changing economic environment.
Gediz Cetin –
A very good summary of economics topics which are relevant for accountants.
Richard Marles –
An excellent course – great content that is applicable in the real world
Suresh Vishwanath –
Excellent course that helps in revising our basic understanding of economic theory and its practical import in daily business
Clyde Haynes –
I believe the course covered the pertinent points an Accountant would be interested in. I enjoyed the brief historical background highlighted in the introduction of the Macroeconomic segment of the course.
Kevin Skipper –
Good overview of the key facets of economics and how they impact day to day business. Examples used are interesting, relevant and up to date.
Wai Keung Ho –
This course lets me understand more about economics.
Colin Stuttle –
The balance of videos and text was good. The whole course was presented in an easy to understand format with good relevant examples.
Yuan Ding –
very informative course with interesting materials good to know
Annette Turnwald –
It was a very informative presentation. It was a great refresher course and reminded me to use more of these economic indicators in my business decisions.
Elena Genovese Potter –
Good refresher, made me think and explain the complexity of objectives (principle agent in particular)
Joanie Nel –
I really enjoyed the videos and the informative way of presentation.
CELESTE FREENEY –
Excellent course for Economics
Ryan Miller –
reasonably thorough and detailed for the length of the course
Maria Persson-O’Connor –
Great refresher of economics
Deirdre Pierce-McDonnell –
Excellent summary of what ecominics is and how we probably use the concepts in business amd everyday life.
Gearoid Loibhead –
excellent – the only improvement I would suggest is the inclusion of exchange rates in the macroeconomic section
Tlang Thomelo –
Economics is crucial for us Accountant to look into, for the Government, businesses and the entire community we are living in
David Lockhart –
Worth watching
Ebenezer Kirk Eduku –
Informative if you want to build knowledge in Economics
Boon Mian Lian –
Good overview and summary of economics
Graham Gold –
A good course. In enjoyed it and it was a useful thoeretical and practical review of much of what I do at present
Chew Bin Chin –
A good refresh of economics concepts, models and applied with good examples to reinforce the understanding and application in the corporate world.
Christopher Taylor –
Course was good, but fairly basic. I would have liked more on supply / demand theory, and how and why economics is only ever right until it fails to predict the future entirely. ie some stuff about complexity and chaos, influence of people’s psychology, effects of Government interventions. Also maybe something on international trade, tariffs and barriers.
Soraj Bissoonauth –
It was succinct and informative.
Clarence Choi –
The contents are well prepared and is very useful for people who has not studied economics to understand the basic concepts. For people like me who has studied economics in college, this helps to refresh my knowledge.
Paul Curtis –
informative
Tommei Tong –
A good refreshment of economics basics.
Daragh Solan –
Very helpful explanation of main concepts in economics
Sheikh Ahmed –
Great source of information
Ompontshitse Galetshajwe –
excellent
Kenneth O Grady –
Very goof refresher Course. Brought back a lot of information to mind and will get me thinking about elements of my business.
Richard Larkman –
Useful refresher or introduction.
Peter Alexander –
very informative