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|Section 1: What is the study of Ecoonomics all about? Get familiar with some key concepts|
Scarcity as the foundation of the study of EconomicsPreview
How the concept of scarcity affects how you allocate resources in your businessPreview
Understanding the difference between Macroeconomcs and MicroeconomicsPreview
How does micro/macroeconomics relate to your business decisions?Preview
Do you know what an economy is? Let us take a look at how we define an economyPreview
understand how decisions are made in the different types of economic systems
|Section 2: Explore how a country's economic performance affects sales, profits and growth|
Economic growth explained
Explore the various benefits which economic growth can provide for your businessPreview
What is economic recession? See how small businesses are affected by recessionsPreview
Examine the reasons why recession are a major concern for business operators
|Section 3: The effect of inflation on financial management, planning and production costs|
Defining inflation and discussing how it is measured
How inflation affects your business financial mangement and planning processes
Inflation can result in higher interest rates and reduced funds access
Do you export? This is how inflation will likely affect your competitiveness
|Section 4: Let us examne the pros and cons of unemloyment for your business operations|
Understanding the different types of umeployment and their causes
Your sales and profits are at risk because of falling demand due to unemployment
As an employer, this lecture shows how you can benefit when unemployment is high
Unemployment, employee morale and staff turnover
How unemployment affects the availability of skills to you as an employer
|Section 5: Conclusion to lecture|
Conclusion to lecture!
Hi! I am a Georgia McLeod. I have multiple passions in life but foremost among those are my passion for economics, entrepreneurship, and interacting with people from various cultures and regions.
I have been a lecturer in Economics for at least 9 years where I teach various courses in banking, economic development, the Caribbean economy, public sector finance, and macroeconomics. I have experience in teaching at the top two universities in Jamaica (The University of the West Indies and the University of Technology).
I also love entrepreneurship and I am on the path of becoming a full time entrepreneur. In my home country, Jamaica, I have been a part of a number of entrepreneurship ventures, going back from helping my parents with their wedding business (which is operating now for at least 15 years!). I have am now entering the field of ecommerce. I think it is exciting and filled with many opportunities.
I have a passion for life. I love meeting me people and trying new things. I see failure as a necessary step towards success and it strengthens our mental muscles to keep going. I look forward to meeting you and I hope you find my courses very informative and useful. Thanks!