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.
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 interests and 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.
