An Intensive 5-day Training Course
Economics for Business Professionals
- Format: Classroom
- Duration: 5 days
- Language: English
- Accredited: CPE, KHDA Certified training courses
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 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 training approach 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
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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.
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.
Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.
