Economics Every Accountant Should Know
Economic concepts can help us to make better decisions. This course will challenge and develop the way you think about pricing, strategy, investment appraisal and customer relationships.
Economics Every Accountant Should Know
This course will enable you to
- Use microeconomics to help you make business decisions
- Use supply & demand analysis of markets to understand and maximise your competitive position
- Create a strategy to secure consumer surplus and increase revenue and profitability
- Build opportunity cost into your investment appraisal systems
- Use the price elasticity of your products or services to maximise revenue
About the course
Economics is familiar to all of us. We hear about it every day on the news and we study it as part of our professional qualification. But how many of us understand how to use it to make better business decisions?
This course focuses on how accountants can use economic concepts to underpin pricing strategies and investment decisions, to create market and product strategies and to strengthen and better understand relationships with customers.
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Contents
How it works
Author
Alan Nelson
Alan Nelson is the founder of accountingcpd and has a keen interest in economics and in management skills training in the accountancy profession. He has been Chair of ICAEW's Practice Assurance Committee, and a member of ACCA's SME Committee and of IFA's Regulatory Committee. He is currently a member of the Bank of England's Decision Making Panel.
