In-depth knowledge of business economics will enable you to work for companies in various areas and will help you position yourself as a leading professional in the field”  

Why Study at TECH?

TECH is the world's largest 100% online business school. It is an elite business school, with a model based on the highest academic standards. A world-class centre for intensive managerial skills training.   

TECH is a university at the forefront of technology, and puts all its resources at the student's disposal to help them achieve entrepreneurial success"

At TECH Global University

Innovation

The university offers an online learning model that combines the latest educational technology with the most rigorous teaching methods. A unique method with the highest international recognition that will provide students with the keys to develop in a rapidly-evolving world, where innovation must be every entrepreneur’s focus.

"Microsoft Europe Success Story", for integrating the innovative, interactive multi-video system.  

The Highest Standards

Admissions criteria at TECH are not economic. Students don't need to make a large investment to study at this university. However, in order to obtain a qualification from TECH, the student's intelligence and ability will be tested to their limits. The institution's academic standards are exceptionally high...  

95% of TECH students successfully complete their studies.

Networking

Professionals from countries all over the world attend TECH, allowing students to establish a large network of contacts that may prove useful to them in the future.  

100,000+ executives trained each year, 200+ different nationalities.

Empowerment

Students will grow hand in hand with the best companies and highly regarded and influential professionals. TECH has developed strategic partnerships and a valuable network of contacts with major economic players in 7 continents.  

500+ collaborative agreements with leading companies.

Talent

This program is a unique initiative to allow students to showcase their talent in the business world. An opportunity that will allow them to voice their concerns and share their business vision. 

After completing this program, TECH helps students show the world their talent. 

Multicultural Context

While studying at TECH, students will enjoy a unique experience. Study in a multicultural context. In a program with a global vision, through which students can learn about the operating methods in different parts of the world, and gather the latest information that best adapts to their business idea. 

TECH students represent more than 200 different nationalities.   

Learn with the best

In the classroom, TECH teaching staff discuss how they have achieved success in their companies, working in a real, lively, and dynamic context. Teachers who are fully committed to offering a quality specialization that will allow students to advance in their career and stand out in the business world. 

Teachers representing 20 different nationalities. 

TECH strives for excellence and, to this end, boasts a series of characteristics that make this university unique:   

Analysis

TECH explores the student’s critical side, their ability to question things, their problem-solving skills, as well as their interpersonal skills.  

Academic Excellence

TECH offers students the best online learning methodology. The university combines the Relearning method (a postgraduate learning methodology with the highest international rating) with the Case Study. A complex balance between tradition and state-of-the-art, within the context of the most demanding academic itinerary.  

TECH is the world’s largest online university. It currently boasts a portfolio of more than 10,000 university postgraduate programs. And in today's new economy, volume + technology = a ground-breaking price. This way, TECH ensures that studying is not as expensive for students as it would be at another university.  

At TECH, you will have access to the most rigorous and up-to-date case studies in the academic community”

The syllabus for this Postgraduate diploma has been designed and created by a team of experts in the field to respond specifically to the needs of Business Science professionals. This compendium of content has also been conceived with a focus on applied learning, which will allow professionals to successfully intervene by means of a broader vision of real environments in the profession. Thus, this syllabus will become students' main asset to successfully insert themselves into a labor market that increasingly demands more specialized professionals in bBusiness Economics. 

A comprehensive syllabus designed to provide business professionals with a higher qualification in Business Economics” 

Syllabus

The TECH Global University Postgraduate diploma in Business Economics is an intensive program that prepares students for decision-making in business areas. The content is designed to develop students' competencies, achieving a higher level of knowledge that will lead them to access positions of greater responsibility within their respective fields.  

Over 450 hours, students will analyze a multitude of practical cases to gain a deep and complete understanding that will be very useful in professional practice. It is, therefore, an authentic immersion in real business situations.  

This Postgraduate diploma deals with the different areas of a company in depth, and it is designed for managers to understand economic management from a strategic, international and innovative perspective.  

A plan designed to favor student learning, which focuses on their needs and, therefore, is offered in a 100% online format. That way, the information will be available to access at any time, 24 hours a day. This, undoubtedly, makes it easier for professionals to continue learning while fulfilling their other daily responsibilities. 

This program takes place over six months and is structured as follows: 

Module 1. Introduction to Economics
Module 2. Microeconomics
Module 3. Macroeconomics

A unique, key, and decisive educational experience to boost your professional development and make the definitive leap"

Where, When and How is it Taught?

TECH offers the possibility of developing this Postgraduate diploma in Business Economics completely online. Over the course of 6 months, you will be able to access all the contents of this program at any time, allowing you to self-manage your study time. 

Module 1. Introduction to Economics

1.1. Introduction to Market Supply, Demand, Equilibrium and Changes

1.1.1. Economics: Principles and Definitions

1.1.1.1. Economic Principles and Concepts
1.1.1.2. Micro and Macro Economics
1.1.1.3. Resource Scarcity
1.1.1.4. Basic Economic Models

1.1.2. Opportunity Cost

1.1.2.1. Analysis
1.1.2.2. Net Present Value

1.1.3. The Break-Even Point

1.1.3.1. Concept
1.1.3.2. Type of Costs
1.1.3.3. Calculation and Results

1.2. Market Demand, Supply and Preferences

1.2.1. Markets and Market Types

1.2.1.1. The Concept of Market
1.2.1.2. Types of Markets
1.2.1.3. The Nature of Products

1.2.2. Market Demand

1.2.2.1. Definition and Conceptualization
1.2.2.2. Determinants of Demand

1.2.3. Market Supply

1.2.3.1. Definition and Conceptualization
1.2.3.2. Determination of Supply
1.2.3.3. The Influence of Competition

1.2.4. Equilibrium and Statics

1.2.4.1. Comparative Statics
1.2.4.2. Uses of Comparative Statics
1.2.4.3. Economic Equilibrium
1.2.4.4. Dynamic Equilibrium

1.3. Budget Constraints and Consumer Equilibrium

1.3.1. Budget Constraints and Shifts

1.3.1.1. Concept
1.3.1.2. Slope of the Equilibrium Line
1.3.1.3. Movements on the Equilibrium Line

1.3.2. Optimal Choice

1.3.2.1. Concept
1.3.2.2. Indifference Curve
1.3.2.3. Utility Function

1.3.3. Optimal Choice

1.3.3.1. Concept
1.3.3.2. Indifference Curve
1.3.3.3. Utility Function

1.4. Consumer and Producer Surplus. Competitive Equilibrium Efficiency

1.4.1. Consumer and Producer Surplus

1.4.1.1. Law of Diminishing Returns
1.4.1.2. Supply and Demand Curve
1.4.1.3. Increasing and Decreasing Marginal Utility

1.4.2. Competitive Equilibrium Efficiency

1.4.2.1. Concept
1.4.2.2. The Mathematical Conditions of Short-Run Equilibrium
1.4.2.3. The Mathematical Conditions of Long-Run Competitive Equilibrium

1.5.    Maximum and Minimum Prices: The Effect of Indirect Taxation

1.5.1. Maximum and Minimum Prices

1.5.1.1. Conceptualization
1.5.1.2. Maximum Price
1.5.1.3. Minimum Price

1.5.2. Effects of Indirect Taxes

1.5.2.1. Definition and Major Concepts
1.5.2.2. Legal and Economic Impact
1.5.2.3. Economic Impact Analysis

1.6.    Price Elasticity of Demand and Determinants of Elasticity

1.6.1. Price Elasticity of Demand

1.6.1.1. Concepts
1.6.1.2. Factors that Determine Price Elasticity of Demand
1.6.1.3. Total Income and Elasticity

1.6.2. Summary of the Types of Elasticity

1.6.2.1. Perfectly or Infinitely Elastic
1.6.2.2. Perfectly or Infinitely Inelastic
1.6.2.3. Greater and Less Than 1
1.6.2.4. Equal to 0

1.7. Cross Elasticity of Demand and Analytical Calculation

1.7.1. Cross Elasticity

1.7.1.1. Context
1.7.1.2. Concepts and Definitions
1.7.1.3. Substitute Goods and Independent Goods

1.7.2. Analytical Calculation

1.7.2.1. Formula
1.7.2.2. Calculations and Examples

1.8. Production Function and Yields

1.8.1. Production Function

1.8.1.1. Basic Assumptions
1.8.1.2. Total Production
1.8.1.3. Average Production
1.8.1.4. Marginal Production

1.8.2. Law of Diminishing Returns

1.8.2.1. Concept
1.8.2.2. Graph and Interpretations
1.8.2.3. Returns to Scale

1.9. Short-Term and Long-Term Costs

1.9.1. Loss Functions

1.9.1.1. Definitions and Concepts
1.9.1.2. Company Costs
1.9.1.3. Formulation and Representations

1.9.2. Short-Term Costs

1.9.2.1. Concept and Definitions
1.9.2.2. Types of Short-Term Costs
1.9.2.3. Formulation

1.9.3. Long-Term Costs

1.9.3.1. Concept and Definitions
1.9.3.2. Types of Long-Term Costs
1.9.3.3. Formulation

1.10. Basic Economic Magnitudes

1.10.1. Economic Activity

1.10.1.1. Conceptualization
1.10.1.2. Economic growth
1.10.1.3. The Public Sector
1.10.1.4. General Objectives

1.10.2. Price Indexes and Market Indicators

1.10.2.1. Conceptualization
1.10.2.2. Simple and Complex Indexes
1.10.2.3. Nominal GDP
1.10.2.4. Real GDP

1.10.3. Circular Flow of Income

1.10.3.1. Conceptualization
1.10.3.2. Types of Flow: Real and Monetary
1.10.3.3. Public Sector Intervention

1.11. Monetary Policies

1.11.1. Money and Circulation

1.11.1.1. Conceptualization and Objectives
1.11.1.2. The Demand for Money
1.11.1.3. Money Circulation

1.11.2. Equilibrium in the Money Market and Monetary Policy

1.11.2.1. Market Equilibrium
1.11.2.2. Open Market Transactions
1.11.2.3. Conventional and Unconventional Monetary Policy

1.12. Market Structures and Types

1.12.1. Market Structures

1.12.1.1. The Concept of Market
1.12.1.2. Perfect and Imperfect Competition
1.12.1.3. Monopolies
1.12.1.4. Oligopolies and Duopolies
1.12.1.5. Monopsonies
1.12.1.6. Oligopsonies

1.13. Non-Competitive Markets

1.13.1. Monopolistic Market Competition

1.13.1.1. The Concept of Monopoly
1.13.1.2. The Social Cost of Monopolies
1.13.1.3. Price Discrimination

1.13.2. Oligopoly Market Competition

1.13.2.1. The Concept of Oligopoly
1.13.2.2. Different Types of Oligopolies

1.14. Aggregate Supply and Demand Models

1.14.1. Aggregate Demand

1.14.1.1. Concept
1.14.1.2. Calculation Basis
1.14.1.3. Aggregate Demand Curve

1.14.2. Keynesian Multipliers

1.14.2.1. Concept
1.14.2.2. The Effects Caused by the Multiplier
1.14.2.3. Calculation Basis

1.14.3. Aggregate Supply

1.14.3.1. Concept
1.14.3.2. Factors
1.14.3.3. Variations

1.15. International Economic Relations

1.15.1. International Trade

1.15.1.1. Basic Concepts
1.15.1.2. Exchange Rate and Terms of Trade
1.15.1.3. Trade Policy Instruments

1.15.2. Balance of Payments and Theories of Exchange Rate

1.15.2.1. Balance of Payments
1.15.2.2. Theories of Exchange Rate

Module 2. Microeconomics

2.1. Microeconomics: Welfare and Typology of Market Failures

2.1.1. Microeconomics

2.1.1.1. Microeconomics Principles and Concepts
2.1.1.2. Production
2.1.1.3. Consumer Sovereignty
2.1.1.4. Economic Agents

2.1.2. Welfare and Typology of Failures

2.1.2.1. Concept of Welfare
2.1.2.2. Net Present Value
2.1.2.3. Types of Failures and Market Constraints

2.2. Public Intervention: Externalities and Public Goods

2.2.1. Public Intervention

2.2.1.1. The Existence of Public Goods
2.2.1.2. State Intervention

2.2.2. Externalities

2.2.2.1. Internal Costs
2.2.2.2. External Costs or Negative Externality
2.2.2.3. External Benefits
2.2.2.4. Environmental Policy

2.3. Simultaneous Games: Normal Representation, Rationality and Information

2.3.1. Simultaneous Games

2.3.1.1. Concept
2.3.1.2. Representation
2.3.1.3. Applications

2.3.2. Types of Simultaneous Games

2.3.2.1. Symmetrical and Asymmetrical Simultaneous Games
2.3.2.2. Other Types

2.3.3. History of Game Theory

2.4. Dynamic Games: Extensive Representation, Perfect and Imperfect Information

2.4.1. Extensive Form Representation

2.4.1.1. From Extensive to Normal Form: Strategy

2.4.2. Backward Introduction and Sub-Game Perfect Nash Equilibrium

2.4.2.1. Sequential Rationality and Nash Equilibrium
2.4.2.2. Backward Introduction Procedure
2.4.2.3. Sub-Games with Perfect Information

2.4.3. Stackelberg's Duopoly Model

2.4.3.1. Concept
2.4.3.2. Applications

2.5. Oligopoly Characteristics and Models

2.5.1. Oligopoly Characteristics

2.5.1.1. Conceptualization
2.5.1.2. Difference between Oligopoly and Monopoly
2.5.1.3. Business Interdependence

2.5.2. Oligopoly Models

2.5.2.1. Differentiated
2.5.2.2. Concentrated
2.5.2.3. Duopolies

2.5.3. Barriers to Market Entry

2.5.3.1. Oligopoly Practices
2.5.3.2. Causes and Consequences

2.6. The Public Sector and Oligopolies

2.6.1. Different Models

2.6.1.1. Cournot Competition Model 
2.6.1.2. Stackelberg Competition Model

2.6.2. The Public Sector

2.6.2.1. Public Sectors and Innovation
2.6.2.2. Sector Failures
2.6.2.3. Oligopolies Worldwide

2.7.  Monopolistic Competition

2.7.1. The Concept of Monopoly

2.7.1.1. Context
2.7.1.2. Concepts and Definitions

2.7.2. Characteristics of Markets

2.7.2.1. Examples of Markets
2.7.2.2. Imperfect Competition

2.8. Differentiation, Equilibrium and Comparison between Perfect and Monopolistic Competition

2.8.1. Differentiation

2.8.1.1. Concepts
2.8.1.2. Features
2.8.1.3. Highlights

2.8.2. Balance

2.8.2.1. Concept
2.8.2.2. Marginal Cost
2.8.2.3. Producers

2.8.3. Comparison

2.9. Consumer Choice Theory

2.9.1. Preferences

2.9.1.1. Consumer Choice Theory
2.9.1.2. Basket of Goods
2.9.1.3. Preferences and Restrictions
2.9.1.4. Binary Relation

2.9.2. Indifference Curve

2.9.2.1. Concept and Definitions
2.9.2.2. Curve Maps

2.9.3. Utility Function

2.9.3.1. Concept and Definitions
2.9.3.2. U-Level Functions
2.9.3.3. Formulation and Types of Axioms

2.10. Individual Demand Curves

2.10.1. Individual Demand

2.10.1.1. Conceptualization
2.10.1.2. Examples

2.10.2. Demand Curves

2.10.2.1. Conceptualization
2.10.2.2. Determinants of Demand
2.10.2.3. Change in the Amount of Demand
2.10.2.4. Change in Demand

2.11. Intertemporal Choice

2.11.1. Intertemporal Preferences

2.11.1.1. Marginal Rate of Time Preference (MRTP)
2.11.1.2. Decreasing MRTP
2.11.1.3. Current Period and Uncertainty

2.11.2. Interest Rate and Discounted Value

2.11.2.1. Real Interest Rate
2.11.2.2. Present Value
2.11.2.3. Budget Constraint

2.12. Social Choice under Uncertainty and Risk

2.12.1. Risk Description

2.12.1.1. Analysis of Decisions
2.12.1.2. Expected Value
2.12.1.3. Fair Play
2.12.1.4. Variability
2.12.1.5. Deviations

2.12.2. Risk Preferences

2.12.2.1. Expected Utility
2.12.2.2. Risk-Averse Individuals
2.12.2.3. Risk-Neutral Individuals
2.12.2.4. Risk-Loving Individuals
2.12.2.5. Risk Premium and Value of Certainty

2.12.3. Risk Reduction

2.12.3.1. Diversification
2.12.3.2. Actuarial Justice
2.12.3.3. Reservation Price

2.13. Asymmetric Information

2.13.1.  Asymmetric Information

2.13.1.1. Adverse Selection
2.13.1.2. Moral Hazard
2.13.1.3. Asymmetric Information Theory

Module 3. Macroeconomics

3.1. From Microeconomics to Macroeconomics. The Objectives of Macroeconomics

3.1.1. Differences between Microeconomics

3.1.1.1. Concept and Analysis
3.1.1.2. Fundamental Processes
3.1.1.3. Comparative Analysis

3.1.2. Macroeconomic Objectives

3.1.2.1. Objectives
3.1.2.2. Objective Evolution

3.2. Economic Policy Instruments

3.2.1. Concept

3.2.1.1. Description
3.2.1.2. Evolution

3.2.2. Instruments

3.2.2.1. Institutions
3.2.2.2. Globalization
3.2.2.3. Detailed Analysis

3.2.3. International Instruments

3.2.3.1. Concepts and Definition
3.2.3.2. International Management

3.3. Aggregate Production

3.3.1.  Aggregate Production Theory

3.3.1.1. Concepts
3.3.1.2. Origin of Theory
3.3.1.3. Applications

3.3.2. Aggregate Production Function

3.3.2.1. Yields and Constants
3.3.2.2. Production Factors

3.3.3. Applications

3.4. Unemployment and Inflation Measurement

3.4.1. Unemployment Measurement

3.4.1.1. Concept and Definitions
3.4.1.2. Unemployment Impacts
3.4.1.3. Measurement and Instruments

3.4.2. Inflation

3.4.2.1. Demand-Pull Inflation
3.4.2.2. Cost-Push Inflation
3.4.2.3. Structural Inflation

3.5. The Demand for Goods: Consumption, Investment and Public Spending

3.5.1. General Concepts

3.5.1.1. Important Definitions
3.5.1.2. The Consumer Market and Total Demand of Goods

3.5.2. The Components of GDP

3.5.2.1. Consumption
3.5.2.2. Investments
3.5.2.3. Public Spending

3.6. Determination of Equilibrium Production

3.6.1. Concepts

3.6.1.1. Definition and Characteristics
3.6.1.2. Differences between Savings and Investment

3.6.2. Profitability

3.6.2.1. Profitability Ratio
3.6.2.2. Stocks, Bonds and Mutual Funds
3.6.2.3. Introduction to Liquidity

3.7. Money, Demand, Banking Systems and Money Supply

3.7.1. Money

3.7.1.1. Functions
3.7.1.2. History and Evolution
3.7.1.3. Legal Tender

3.7.2. Money Creation Process

3.7.2.1. Money Supply
3.7.2.2. Liquid Assets

3.8. Money Market Equilibrium: Determination of the Interest Rate

3.8.1. Monetary Base

3.8.1.1. Money Creation
3.8.1.2. Money Destruction

3.8.2. Central Banks

3.8.2.1. Types of Rediscount
3.8.2.2. Open Market Operations
3.8.2.3. Monetary Policies

3.8.3. Market Equilibrium

3.8.3.1. The Keynesian and Neoclassical Schools of Thought
3.8.3.2. LM (Liquidity-Money) Curve
3.8.3.3. Curve Displacements

3.9. The Goods Market and the IS (Investment-Savings) Relationship, Financial Markets and the LM (Liquidity-Money) Relationship, the IS-LM Model.

3.9.1. The Goods Market and the IS Relationship

3.9.1.1. Concepts and Definitions
3.9.1.2. Basic Model
3.9.1.3. Sales Level and Interest Rate

3.9.2. Financial Market and the LM Relationship

3.9.2.1. Determination of Interest Rate
3.9.2.2. The LM Relationship and LM Curve
3.9.2.3. IS-LM Set Analysis

3.10. Fiscal Policy and Monetary Policy

3.10.1. Fiscal Policies

3.10.1.1. Restrictive Policies
3.10.1.2. Expansive Policies
3.10.1.3. IS Curve Conditions

3.10.2. Monetary Policies

3.10.2.1. Restrictive and Expansive Policies
3.10.2.2. LM Curve Conditions

3.11. The Goods Market Opening: Exports, Imports and Exchange Rates

3.11.1. Situation and Outlook

3.11.1.1. Definition and Concepts
3.11.1.2. Outlook Update

3.11.2. Tools and Means

3.11.2.1. Analysis Types and Structure
3.11.2.2. Growth Indicators
3.11.2.3. IMF Interventions

3.12. Financial Market Opening: Balance of Payments, the Relationship between Interest Rate and Exchange Rate

3.12.1. Balance of Payments

3.12.1.1. Balance of Capital
3.12.1.2. Balance of Trade and Services

3.12.2. Type of Change

3.12.2.1. Supply and Demand of Foreign Currencies
3.12.2.2. Exchange Rate Regimes

3.12.3. Sterilization Policies

3.12.3.1. International Monetary Market
3.12.3.2. Covered Interest Rate Parity

3.13. Equilibrium in Goods Market, Financial Markets and Aggregates in an Open Economy

3.13.1. IS Curve

3.13.1.1. Part of the Economic Analysis
3.13.1.2. Equilibrium

3.13.2. LM Curve

3.13.2.1. Part of the Economic Analysis
3.13.2.2. Equilibrium

3.14. Changes in Domestic and Foreign Demand

3.14.1. Components

3.14.1.1. Definitions
3.14.1.2. Types of Demand
3.14.1.3. Compensation Measures

3.14.2. Macro-Compensation Components

3.15. The Effects of Fiscal Policy in an Open Economy

3.15.1. Open Economy Models

3.15.1.1. Exports
3.15.1.2. Imports
3.15.1.3. Demand for Financial Assets

3.15.2. Foreign Exchange and Goods Market

3.15.2.1. Definitions
3.15.2.2. Global Effects in Economics

Study Business Economics in depth and achieve the level of competence that all companies require”