Summary of Major Topics Covered in this Diploma Program include:

Module 1 - Economic Systems and Activities

• The economic system, the focus of macroeconomics, microeconomics, business economics
• Planning and forecasting in business
• What influences wants and needs; utility; income
• The factors of production; uses and features of money

Module 2 - Demand & Supply

• Markets in business and economics, effects of price changes on the market
• Demand and quantity demanded, supply and quantity supplied, demand and supply curves
• Equilibrium price and quantity, and changes
• Factors affecting demand and supply

Module 3 - The Role of Commerce

• Commerce, goods and services, public and private sectors
• Enterprises, types of business units, companies, directors
• Commercial terms, capital, working capital, raising additional capital
• Types of income, the business plan

Module 4 - Price, Demand and Elasticity

• Price elasticity of demand, calculation, responsiveness, characteristics, use
• Price, quantity demanded, total expenditure, changes in total revenues
• Factors affecting price and price elasticity of demand, market structures
• Pricing objectives, pricing strategies, factors influencing prices, product factors

Module 5 - The Distributive Trade; Credit in Business; Discounts

• Channels of distribution, wholesale and retail trade and business
• Selecting the right channel(s) for products
• Credit policy, credit control, credit accounts, credit sale agreements, consumer protection acts
• Trade discount, RRP and list prices, quantity discount, other types of discount

Module 6 - Documents Used in Commerce

• Records, sources and types of information, their importance
• Business documents, business letters and forms
• Quotations, estimates and tenders, delivery notes, goods received notes
• Orders, order forms, invoices, proforma invoices, credit notes, statements of account, bank documents

Module 7 - Consumer Choice and Behaviour

• Determinants of consumer behaviour, preferences, incomes, budgets, prices
• Budget lines, possible purchases, trade-offs, forecasts and business predictions
• Consumer choice, utility, relative prices, marginal rate of substitution, indifference curves
• Price changes, cross price elasticity, substitution and income effects

Module 8 - Profit and Turnover

• Profits and capital, cost and selling prices, price setting by business people, the mark-up
• Profits and turnover, gross profit, its calculation, the trading account,
• Net profit, prime cost, indirect expenses, overheads, profit & loss account, distribution of profits
• Costs in manufacturing, types of fixed and variable costs, prime and supplementary costs

Module 9 - Business Finance

• The balance sheet, preparation, what it shows, layouts
• Interpreting financial statements, working capital, cash and funds flow, dangers of overtrading
• Accounting ratios, assessing the performance of a business
• Break-even analysis, minimum revenues, the break-even point, break-even charts

Module 10 - Production

• Considerations in production, the market, technology, processes, policy, product range, finance
• Production levels, the value of costing, optimum level, calculating production costs
• Economies of scale, horizontal, vertical and lateral integration, location, using resources
• Government involvement in commerce, reasons for involvement, taxation, rates

Module 11 - Commercial Services: Banking & Insurance

• Service providers, functions of a bank, banking and bank accounts, payments, charges
• Rates of interest, lending rate, bank credit facilities, loans, mortgages, overdrafts
• Insurance, risk, indemnity, types of risk, secondary functions of insurance
• Insurance contracts, classes of insurance, business insurance, categories of insurance

Module 12 - Transport, Communication, Advertising, Export & International Trade

• Transport, efficiency, rail, road, water, air, globalisation, documents used in transport
• Methods of communication, oral, written, mail, telecommunications, suitability
• Advertising and sales promotion, media, public relations
• International trade, export, government control, foreign exchange, duties, payments for exports

WHAT IS INCLUDED IN THE MODEST CIC FEE

 Your CIC Fee includes:-

• Your enrolment/registration with Cambridge International College, and your own high-quality, professionally produced and illustrated comprehensive International CIC Study & Training Publications.
• A detailed, professional ‘Study & Training Guide’ with full instructions on how to study to achieve success and gain top results.  The Guide includes detailed advice on how to answer Self-Assessment Tests, Training Tests and Examinations.
• Self-Assessment Tests and Recommended Answers for them, and a Progress Chart.
• Two Progress/Training Tests (which can be used as ‘Past Papers/Questions’) with an optional Tutorial Support Service.
• The Final Examination** sat under Invigilation/Supervision in your own area - full details, guidance and explanation of how your Examination will be arranged and how Invigilation is conducted will be provided when you register.  Note, CIC arranges Examinations in over a hundred countries worldwide for thousands of Members every year; it is a flexible, straightforward process and will be arranged when YOU are ready to write your Examination.  **An Assignment Option is available instead of an Exam for the ‘Covid-19’ (Corona) virus period.
• The prestigious Cambridge International College Diploma on successful completion of your Study & Training and on passing the Final Examination.
• Your personal page on CIC’s Member Services website with access to results, despatch details, advice and guidance, and more: www.cambridgeinternationalcollege.co.uk
• Regular information and news including: Newsletters with details of special offers and new Programs and much more; and Competition Forms; by email and post.

Everything needed for your Study & Training success is included in the CIC Fee.

Additionally:

• Further Study and Training Advice, and Assistance is available before, during and after CIC Study & Training; Members may ask CIC’s team of experienced Consultants for advice on further study and Programmes to improve career prospects and advancement. 
• CIC’s experienced and helpful staff can assist with numerous special requests, such as reference/recommendation letters and transcripts, and more, by post and email.

• Credit Management & Control Diploma 12 months (flexible)
• Business Administration Honours (Higher) Diploma 21 months (flexible)
• Managerial Economics Mastery of Management Graduate Diploma One year (flexible)
• Commerce & Administration (BCA) Baccalaureate 2 years (flexible)
• International Business & Trade Diploma 12 months (flexible)

This course - providing as it does knowledge on many subjects including supply and demand and the factors which affect them, pricing strategy, and knowledge of many commercially important topics - is ideal for business people and managers who need to improve their organisation’s output and profitability, and to analyse the environment to the maximum benefit of the organization.  It provides wide knowledge needed for those men and women looking to progress to higher levels in organizations, to make their work and work-decisions more effective and or to make their organizations more profitable.

A knowledge and understanding of economics is generally a prerequisite for all further and higher professional, managerial and business related courses, and this course provides that knowledge, understanding and along with a recognised qualification.  Higher studies are available with CIC at many levels.

There is a wide range of options for further study - see the "Related Courses" section for suggestions - which include Honours Diplomas, ABA & Baccalaureate Programmes, and the 'Double Award' EBA & BBA Bachelor degree Programme.  You are welcome to ask the College for advice, and of course you can see details of these Programmes on this website.