Certified Business Economist (CBE®) Program

Program Overview

The Certified Business Economist (CBE®) Program is designed to equip professionals with a comprehensive understanding of the economic principles and their applications in the business context.

This program covers a wide range of topics, including organizational goals, market dynamics, financial systems, macroeconomic and international business contexts.

Through this program, participants will develop analytical skills and strategic insights necessary for making informed business decisions in a globalized economy.

Learning Objectives

Upon completing the Certified Business Economist (CBE®) Program, participants will:

  • Differentiate Organizational Goals – Understand and distinguish between the goals of profit-seeking organizations, not-for-profit organizations (NFPs), and governmental organizations. Analyze how these goals influence management decision-making and organizational behavior.
  • Analyze Market Dynamics – Explain the functioning of demand and supply curves, identify equilibrium prices, and assess the impact of price elasticity on a firm’s revenue and market structure. Evaluate the sources of market failures and the policies to address them.
  • Understand Financial Systems – Describe the roles of various financial assets, markets, and institutions in managing organizational liquidity and providing economic returns. Explain the role of commercial banks, central banks, and the foreign exchange market in the economic system.
  • Evaluate Macroeconomic Indicators – Assess macroeconomic phenomena including national income, inflation, unemployment, and trade balances. Understand the stages of the trade cycle and their implications for government policy and business strategy.
  • Interpret International Economic Data – Distinguish between data and information, and utilize graphs, charts, and diagrams to interpret economic data. Apply techniques to forecast trends and patterns in international business contexts, facilitating informed decision-making.

Program Outline

Module 1: The Goals and Decisions of Organizations
  • Topic 1: Organizations
  • Topic 2: Organizations (privately owned)
  • Topic 3: Short term measures of shareholder return
  • Topic 4: Agency theory
  • Topic 5: The market, economy and methods of expansion
Module 2: The Market System and The Competitive Process I
  • Topic 1: The demand curve
  • Topic 2: Shifts in the demand curve and inferior goods
  • Topic 3: Supply
  • Topic 4: Equilibrium price
  • Topic 5: Changes in equilibrium price
Module 3: The Market System and The Competitive Process II
  • Topic 1: Introduction to PED
  • Topic 2: Factors affecting PED
  • Topic 3: Relationship with total revenue
  • Topic 4: Elasticity of supply
  • Topic 5: Market imperfections and externalities
  • Topic 6: Market structures – barriers to entry
  • Topic 7: Perfect competition, monopolies, and oligopolies
  • Topic 8: Sourcing from overseas and e-business
  • Topic 9: Transaction costs
  • Topic 10: When transaction costs change
Module 4: The Financial System I
  • Topic 1: Introduction and synchronization
  • Topic 2: Financial intermediaries
  • Topic 3: Financial markets and instruments
  • Topic 4: Compounding
  • Topic 5: Discounting a single sum
  • Topic 6: Discounting annuities
  • Topic 7: Terminal Values
  • Topic 8: Perpetuities
  • Topic 9: NPV
  • Topic 10: IRR
  • Topic 11: Yield on financial instruments
  • Topic 12: Risk, return and yield curve
Module 5: Module 5: The Financial System II: Banks and Foreign Exchange
  • Topic 1: Banks and the banking system
  • Topic 2: Introduction to the foreign exchange markets
  • Topic 3: Influences on exchange rates
  • Topic 4: Exchange rate systems
  • Topic 5: International trade risks
Module 6: Macroeconomic Context of Business I
  • Topic 1: Macroeconomic goals
  • Topic 2: Macroeconomic equilibrium
  • Topic 3: Circular flow of income
  • Topic 4: National income measurement
  • Topic 5: The multiplier part 1
  • Topic 6: The multiplier part 2
  • Topic 7: Accelerator principle and MEC
  • Topic 8: The trade cycle
  • Topic 9: Unemployment
Module 7: Macroeconomic Context of Business II
  • Topic 1: Inflation
  • Topic 2: The Phillips curve
  • Topic 3: Fiscal policy
  • Topic 4: Monetary policy
  • Topic 5: Supply side policies and policy summary
  • Topic 6: Globalization
  • Topic 7: Balance of payments
  • Topic 8: Balance of payments
  • Topic 9: Free trade and comparative advantage
  • Topic 10: International trade institutions and free trade agreements
  • Topic 11: Protectionism
  • Topic 12: PESTEL
  • Topic 13: Index numbers part 1
  • Topic 14: Index numbers part 2
Module 8: The International Context of Business: Data and Information
  • Topic 1: Data and information
  • Topic 2: Data visualization
  • Topic 3: Big data
Module 9: The International Context of Business, Demonstrating Relationships, Trends and Patterns
  • Topic 1: Hi-Low technique
  • Topic 2: Regression analysis
  • Topic 3: Correlation coefficient
  • Topic 4: Rank correlation coefficient
  • Topic 5: Time series basics
  • Topic 6: Identifying the trend
  • Topic 7: Time Series examples
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