Introduction

The economy matters substantially to the health, wealth, and prosperity of the country, its companies, and its citizens. Yet, sadly, economics often is not well understood, with the jargon and language of economics making this important topic regarded as inaccessible, misunderstood, or simply disregarded. Or, where people try to give economics the necessary attention, they are quickly caught up in technical terms and acronyms – like a gross domestic product, foreign portfolio flows, CPI, and MPC - that leave users lost in the language and often bewildered by the terminology and how it all fits together?   

Against this backdrop, this masterclass has two main objectives. The first is to give you a solid grasp of how economies fit together, what makes them work (or fail) and how the performance of an economy transfers into the performance of companies and the well-being of countries. The second is to strip away the jargon of economics to give you a common-sense understanding of the key terms and terminology. 

Who Should Enrol

This masterclass with be of value and benefit executives and managers: 

  • interested in understanding how the economy impacts their company and their communities;
  • wanting to demystify the language and jargon of economics to make it meaningful and useful as a business tool; 
  • trying to make sense of how their country is doing;
  • concerned with the well-being and prospects of their country; and 
  • students with a background in other fields who would like to improve their economic knowledge.

Course Design

Online Course

Course Content

  • Introduction to Economics
  • Country Competitiveness 
  • Ingredients to Progress 
  • What, How & for Whom?
  • Growth 
  • Employment and Inclusion 
  • Price Inflation 
  • Foreign Sector Stability 
  • Broad-Based Measures 
  • Different Schools of Economic Though
  • Growth Models 
  • Ingredients and Institutions 
  • Paths to Prosperity 
  • Finding South Africa
  • From Promise to Practice 

Course Highlights

  1. The class is presented by leading economist, Prof Adrian Saville
  2. The class gives users a comprehensive and interesting understanding of economics and the its jargon.
  3. On completion delegates receive a certificate of attendance and a digital credential to use on your LinkedIn profile. 
  4. The class is taught through a series of beautifully shot and edited video pieces- learning is enjoyable

Learning Outcomes

  1. The class is provides a solid understanding of why economics matters to countries and companies.
  2. It will give you an overview of how the economy works and give you the tools to assess the performance of an economy.
  3. In the masterclass, we will demystify the jargon so that the language of economics is made accessible and the tools of economics become useable in your hands.
  4. We can't turn you into an economic expert in a masterclass, but we can help you understand this critical ingredient that matters to the performance of your company, the well-being of your community and the prosperity of your country.

Assessment

Various exercises and MCQ’s

Certification

On completion delegates receive a certificate of attendance. Should you wish to receive a GIBS issued certificate, after completion of the class, please email BoxallB@gibs.co.za




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