Business Economics

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A Prague College Summer School class with Bruce Gahir

Weekends at 9.00am
10-11 June, 17-18 June, 24-25 June


Organizations have a variety of purposes, depending on why they were established. Some operate for profit, whilst others do not. Organizations structure themselves and operate in ways that allow their objectives to be met in competitive business environments. Every organization has a range of stakeholders whose interests need to be satisfied, but stakeholders have competing interests that may be hard to reconcile. Businesses operate in an environment shaped by the government, competitors, consumers, suppliers, and international factors.

In this environment, businesses have to determine strategies and a modus operandi that allow them to meet their organizational purposes in ways that comply with the relevant economic and financial regulatory frameworks. In addition, business markets take various forms and the structure of a market enables an understanding of how organizations behave in micro and macro environments.

In this course learners will consider how different economic market structures shape the pricing and output decisions of businesses, as well as other aspects of their competitive behavior.

Learning Outcomes

    •    Understand microeconomic theory relating to markets.

    •    Understand the impact of market power on an economy.

    •    Understand the role of government in the macroeconomic environment.

    •    Be able to apply economic theories to the globalisation of trade.

If you'd like to join us for this (or any other class), just fill in the form on the right and we'll register your interest.

More about the Summer School