Module One – a solid, integrated understanding of economics and business delivered online:
How an economy works; its structure and purpose, the roles of labor, capital, natural resources, businesses, and entrepreneurs.
The processes within the economy; supply and demand, price discovery, specialization, trade, price signals, opportunity cost.
Historical development of markets; Cavemen, Absolutism, Mercantilism, Adam Smith, Free Trade.
Business processes; profit maximization, factory optimization, capital expansion decisions, ethics, negotiation, P&L’s, international operations.
Funding; source of capital, investment risk, risk/reward ratios, angel investors and venture capitalists, making and evaluating investment pitches, having one’s own money at risk.
