The European Business Institute (EBU), headquartered in Luxembourg, is a globally oriented business school serving a vibrant community of over 30,000 learners. EBU delivers flexible, high-impact education through evening, online, and on-campus programs designed to meet the needs of working professionals and learners. With a commitment to innovation, accessibility, and academic excellence, the Institute combines live, interactive learning experiences with the expertise of an internationally distinguished faculty. Join a collaborative and constructivist learning environment via live Zoom, alongside students from over 60 countries.
Open to all candidates
No prerequisites
In the first part of this course, students will develop simple graphical and mathematical models of decision-making by individual economic agents: consumers, workers, and businesses. They will analyze interactions between these agents in product and factor markets using concepts of market demand, supply, and equilibrium. Finally, we demonstrate the efficiency of perfectly competitive markets, describe the conditions under which that efficiency arises, and examine market failures that occur when those conditions are not met.
The second part of the course explores how GDP, inflation, unemployment, and other macroeconomic aggregates are measured in practice. The second part develops analytical models of macroeconomic performance and growth in the long run. This part also focuses on short-run (business-cycle) fluctuations and fiscal and monetary policies.
Unit 1: Supply and Demand
Unit 2: Elasticity and its applications
Unit 3: Supply-demand and government policies
Unit 4: Efficiency of Markets
Unit 5: Theory of the Firm
Unit 6: Measuring a nation's income
Unit 7: Unemployment
Unit 8: The Monetary system
Unit 9: Aggregate Demand and Aggregate Supply
At the completion of this course, students will be able to:
1. Identify the microeconomic foundations of the macroeconomy and explain how these foundations inform the performance of the macroeconomy.
2. Identify essential measures for assessing micro- and macroeconomic performance.
3. Explain contemporary theories of economic growth, evaluate these theories in light of economic performance, and apply one or several of the theories to predict economic performance.
4. Describe component elements in micro and macro theory.
5. Elucidate the full aggregate demand/aggregate supply model and explain its origins, uses, and limitations.
6. Develop a full model illustrating the connection of the financial sector to the micro- and macroeconomy and describe the components of the financial sector, how they have evolved, and what factors have influenced their evolution. –
7. Analyze and evaluate alternative models explaining the role of fiscal and monetary policy in domestic and international macroeconomics.
The online delivery blends synchronous and asynchronous components. Students complete self-directed assignments hosted on the course platform. Weekly Forums support a required active, rubric-based student contributions that foster collaboration
Exams may include essays, short answers, or MCQs. Formats include open/closed book. Time zones are considered. Assessments are formative and summative. Students have 2 weeks to review grades and must follow the appeal process in the Student Handbook.
Certificate
The EBU ensures administrative and Tech support in an inclusive, accessible learning environment for all students, including those with disabilities or special needs. This policy applies to all students, staff, and learning spaces, full-or part-time.
Weekdays between 4.00pm – 8.00pm
1 webinar per week (1h30)
To join the course, please follow these steps:
STEP 1: COMPLETE YOUR ONLINE PROFILEComplete your online profile on the online campus. During this process, you will confirm your essential profile information to accept the offer.Access the EBU scholarship online campus here https://connect.ebulux.lu/Click the ‘Join EBU/Log In’ button on the homepage. You will need to create a new account.During the Account creation process, you will be requested to indicate how you heard about the program and to select the partner organization on a drop-down list. If you found EBU by yourself, please simply write 'EBU' in these fields.Please note as you create a new account, make sure to use a password you can easily remember.After you create the account, open the link sent to your email for confirmation and then click continue.
STEP 2: COMPLETE THE COMMITMENT FEE PAYMENTTo enroll in the Autumn Term courses, go to the Certificate Enrolment page: https://connect.ebulux.lu/mod/page/view.php?id=48775Select the course you would like to enroll in and click ‘Enroll Now’.Select Payment Type and click proceed.Enter card details to complete the commitment fee payment. Once you complete your application and commitment fee payment, you will be enrolled in your selected course and ready to commence.
