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Business and Economics

Situated in the heart of London, DLD College is ideally placed for students preparing for a career in the commercial sector. The College is within easy reach of the Bank of England and the London offices of major multinational firms such as Facebook and Google.
DLD College London Business Economics IFP

In today’s digital age, it is essential for learners to future-proof their education. The Business and Economics pathway seeks to inspire future leaders and prepare students for undergraduate study in a range of courses. In the past, our students have received offers for courses such as Business Management at King’s College London, International Banking and Finance at City University London and Accounting and Finance at the University of Birmingham. To find out more about what you will study on this pathway, see below:

In addition to the common Key Components Strand, students will study the following subject components:

 

Business and Economics Subject Components

21st Century Business (Faculty of Social Sciences)

Businesses and business leaders have been key architects of the digital age and the globalised world we inhabit. The challenge of managing finite resources in a way that satisfies a network of stakeholders is perhaps greater and more exciting than ever.

This module requires students to critically engage with foundational concepts and the evolving functional areas of business.

  • An introduction to business in the UK
  • Stakeholders; their interestsand behaviour
  • Revenue, costs, contribution and profit
  • Foundations of marketing
  • Introduction to accounting
  • Operations and lean processing
  • Key concepts in human resources
  • Market-driven decision making
  • Digital business & entrepreneurship

Assessment Method: Written exam

Management & Strategy (Faculty of Social Sciences)

The fast-paced and dynamic nature of modern business requires leaders to be incisive in their decision making whilst taking into account the interests of their ever expanding group of stakeholders. This module explores a variety of decision making models based on fundamentals of business strategy. As part of this course, students will explore the work of such important authors as Peter Drucker and Michael Porter.

Fundamentals of leadership

  • Leadership theories
  • MBO

Developing corporate strategy

  • Growth strategy
  • Porter’s five forces analysis
  • SWOT analysis

Managing external pressures

  • Analysing the external environment
  • The ethical business

Principles of financial accounting

  • Ratio Analysis

Decision making models

  • CPA
  • Decision trees
  • CBA
  • Forecasting

Evaluating investment decisions

  • Investment appraisal
  • Managing change
  • Change management
  • Risk management

Assessment Method: Written exam

Principles of Economics (Faculty of Social Sciences)

Principles of Economics (Faculty of Social Sciences)

In the light of the global financial crisis, Economics continues to be the key discipline that students need to understand the world we live in today. ‘Principles of Economics’ will cover the basics of Micro and Macro Economics that students will need to begin to understand and critically engage with the world around them.

  • Factors of production
  • Opportunity cost
  • Production possibility frontiers
  • Demand and consumer surplus
  • Elasticities of demand
  • Supply and producer surplus
  • Price elasticity of supply
  • Circular flow of income
  • Economic growth
  • Inflation
  • Unemployment
  • Current account on the balance of payments
  • Fiscal policy
  • Monetary policy
  • Supply side policies
  • Aggregate supply and aggregate demand
  • Conflicts of economic policy and objectives

Assessment Method: Written exam

The Global Economy (Faculty of Social Sciences)

In a world that is more connected and interlinked more than ever before, the growth of international trade, multi-national corporations and improvements in technology are changing how markets interact. In ‘The Global Economy’ students will study some of the key reasons and effects of these changes and be equipped with the tools to be difference makers in the new global economy.

  • Globalisation
  • International trade
  • Protectionism
  • Development economics
  • Multi-National corporations
  • Exchange rate systems
  • Economic integration and monetary union
  • Balance of payments

Assessment Method: Written exam

“What I like about the IFP course is that it’s a fast track way to university as the course is just one year. The teachers are approachable and are always there if you have any problems.”

Jason Htet – DLD Graduate

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