14DEC
14 - 18 Dec 2026Mon to Fri · 5 days
RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
Professional training course
Economics for Business Professionals
Economic decisions lie at the heart of business. Consequently, they are fundamental to its success. This course will allow business professionals to apply fundamental…
- 5 daysClassroom
- 13Upcoming dates
- 6Cities
- £2,250Fees from
Course overview
Why Attend
Economic decisions lie at the heart of business. Consequently, they are fundamental to its success. This course will allow business professionals to apply fundamental economic principles to real-world business challenges. Participants will gain knowledge and skills needed to craft successful business strategies. They will also learn how to analyze and assess the micro and macro environment in which their business operates in order to drive critical business decisions.
Course Methodology
On this course, participants will be able to interact with instructor, view slides, participate in group discussions, and complete team exercises and case studies.
Course Objectives
By the end of the course, participants will be able to:
- Interpret economic knowledge and establish the economic objectives of their firm
- Estimate demand and analyze how demand elasticity affects revenues
- Estimate cost and use different pricing strategies for a variety of market structures
- Analyze the impact of essential macroeconomic indicators on the firm’s strategic decisions
- Understand the implications of government economic policies on the economy in general and on businesses in particular
Target Audience
Managers, business professionals, and individuals who have decided to explore how good economic decision making is fundamental to the success of business.
Target Competencies
- Economic reasoning and analysis
- Strategic thinking
- Micro and Macroeconomics
- Problem-solving and decision-making
Course outline
-
1Day 1: The firm and its goals
- The economic goal of the firm and optimal decision making
- Goals other than profit
- Economic goals
- Economic objectives
- Noneconomic objectives
- Maximizing the wealth of stockholders
- Market Value Added (MVA)
- Economic Value Added (EVA)
- Economic profits
- Global application
-
2Day 2: Demand estimation and forecasting techniques
- Demand elasticity and the revenues of a firm
- Price elasticities of several industries
- Economics in practice: ‘Elasticities at a Delicatessen in the Short Run and Long Run’
- Demand estimation
- Regression analysis application
- Forecasting techniques
- Expert opinion
- Opinion polls and market research
- Surveys of spending plans
- Economic indicators
- Projections
-
3Day 3: Estimation of cost, pricing, and output decisions
- The importance of cost in managerial decisions
- The definition and use of cost in economic analysis
- Examples of ways companies have cut costs to remain competitive
- Cautionary note about the use of cost-cutting as a strategy
- Pricing and output decisions: Perfect competition and monopoly
- Pricing and output decisions: Monopolistic competition and oligopoly
- Special pricing practices
- Break-even analysis (Volume-Cost-Profit)
-
4Day 4: Macroeconomic indicators and the firm’s strategic decisions
- The importance of the business cycle to businesses
- Economic growth and its positive effects
- Factors affecting the economy and the firm
- Inflation
- Interest rates
- Unemployment
- Exchange rates
- Exchange rates effects on imports, exports, and real GDP
-
5Day 5: The effects of government economic policies on businesses
- The way fiscal policies affect businesses
- Expansionary fiscal policy
- Contractionary fiscal policy
- The way monetary policies affect businesses
- Expansionary monetary policy
- Contractionary monetary policy
- The effect of public debt on the economy and businesses
- The balance of trade and its impact on currency exchange rates
Schedule
Dates and fees
13 upcoming dates in 6 cities. Fees are per delegate; bring colleagues and every seat is discounted.
December 2026
RomeItaly · Classroom
January 2027
18JAN
18 - 22 Jan 2027Mon to Fri · 5 days
Kuala LumpurMalaysia · Classroom
£2,250per delegate2+ people: £1,800 each
February 2027
15FEB
15 - 19 Feb 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
March 2027
15MAR
15 - 19 Mar 2027Mon to Fri · 5 days
GenevaSwitzerland · Classroom
£5,250per delegate2+ people: £4,200 each
April 2027
19APR
19 - 23 Apr 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
May 2027
17MAY
17 - 21 May 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
June 2027
21JUN
21 - 25 Jun 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
July 2027
19JUL
19 - 23 Jul 2027Mon to Fri · 5 days
RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
August 2027
16AUG
16 - 20 Aug 2027Mon to Fri · 5 days
Kuala LumpurMalaysia · Classroom
£2,250per delegate2+ people: £1,800 each
September 2027
20SEP
20 - 24 Sep 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
October 2027
18OCT
18 - 22 Oct 2027Mon to Fri · 5 days
Cape TownSouth Africa · Classroom
£2,840per delegate2+ people: £2,272 each
November 2027
15NOV
15 - 19 Nov 2027Mon to Fri · 5 days
FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
December 2027
20DEC
20 - 24 Dec 2027Mon to Fri · 5 days
BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
No dates in this city right now. Request a quotation and we will suggest the nearest date.
Questions
Frequently asked questions
How long is the Economics for Business Professionals course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Economics for Business Professionals course?
The next public date is 14 - 18 Dec 2026 in Rome. There are 13 upcoming dates in total.
Where is this course held?
Upcoming sessions run in Rome, Kuala Lumpur, Barcelona, Geneva, Frankfurt, Cape Town.
How much does the course cost?
Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
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