An Intensive 5-day Training Course
Economics for Business Professionals
Applying Economic Principles to Drive Business Success
INTRODUCTION
This EuroMaTech Economics for Business Professionals training course provides practical guidance in the application of the techniques of economic analysis which are important to business professionals. Rapidly advancing technology, increasing business complexity, and competitive pressures demand better evaluation of a portfolio. Understanding economic skills are critical in the business environment to make sound financial decisions for the organization. These skill include economics indicators as well as risk and uncertainty. Business professionals need this understanding to make informed decisions about pricing, production, and resources. With this understanding, they can anticipate changes in the business environment and develop strategies to adapt and thrive. Finally, economic principles are crucial for understanding and navigating the regulatory and policy environment.
TRAINING OBJECTIVES
This EuroMaTech training course aims to enable participants to achieve the following objectives:
- Understand various economic terms
- Carry out cash flow analysis, different economic analyses
- Determine economic indicators
- Evaluate and quantify sensitivities and uncertainties
- Make the right investment decision using decision tree analysis
- Contribute to the decision-making process for any project
WHO SHOULD ATTEND?
Suitable for all disciplines, functions, and businesses. This Economics for Business Professionals training course is for anyone (managers, staff, etc.) who needs a better understanding of economics and screening criteria. Younger staff are especially encouraged to attend to help bring valuation into their decisions.
Participants attending this course will develop the following competencies:
- Better understanding to apply financial analysis
- Having better analysis in economics
- Learn awareness to contribute to decision making
- Risk analysis
- Developing awareness of environmental analysis
TRAINING METHODOLOGY
The Economics for Business Professionals training course is based on principles of economic evaluation by focusing on step-by-step process, determining economic indicators, evaluating and quantifying risks and uncertainties for making better investment decisions. To facilitate that, a spreadsheet will be used and all discussions will be with a high-quality instructor. The participants will receive thorough training on the subjects utilizing a variety of proven learning, teaching, and facilitation techniques, including classroom-style with highly interactive exercises.
TRAINING OUTLINE
Day 1 - Cash Flow Analysis
- Familiarization with Economic terms
- Elements of cashflow
- Net Worth
- Depreciation Methods
- Sunk Costs
- Inflation
- Nominal & Real Cash Flow
- Project Financing
Day 2 - Economic Indicators
- Measurement of Projects’ Impact
- Economic Indicators Definitions
- Payback Period
- Profit/Investment Ratio
- Discount Factor
- Net Present Value
- Internal Rate of Return
- Effect of Project Delay
- Incremental Projects
Day 3 - Risks and Uncertainties
- Sensitivity Analysis
- Risk & Uncertainty
- Expected Value Concept
- Decision Tree Analysis
- Valuation Risk
- Market Risk Analysis
Day 4 - Spreadsheet Calculation and other Economic Costs
- Introduction to Spreadsheet Calculation
- Application of economic indicators
- Economic Opportunity Cost of Capital
- Cost-Effectiveness Analysis
- Economic Cost of Human Resources
- Economic Cost of Foreign Exchange
Day 5 - Environmental Issues and Summarizing Lessons
- Group activities
- Economic indicators used in decision policy, features, pitfalls to avoid
- Environmental Analysis in Business
- Life-Cycle Assessment (LCA)
- Summarize and Final remarks
CALL ME BACK
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
