The Professional Diploma in Economic & Cost Management program provides practical insights into cost reduction strategies and tools for effective cost control, aiming to prepare professionals for decision-making roles that enhance economic and financial efficiency in various business environments.
Enroll NowThe Professional Diploma in Economic & Cost Management is a comprehensive program designed to equip participants with a deep understanding of economics, managerial economics, and cost management. This course covers fundamental topics such as economic principles, scarcity, cost management accounting, financial management, and business economics. It also provides practical insights into cost reduction strategies and tools for effective cost control. By focusing on both theoretical knowledge and practical applications, this diploma aims to prepare professionals for decision-making roles that enhance economic and financial efficiency in various business environments.
Objectives:
Units & Modules:
U-1: Introduction to Economics
M-1: Foundations of Economics
M-2: Economics Money Matters
M-3: Economics the Social Science
M-4: Basic Economic Concepts
U-2: Introduction to Managerial Economics
M-5: Introduction to Managerial Economics
M-6: Meaning, Scope & Methods of Managerial Economics
M-7: Managerial Economics & Business Strategy
M-8: The Nature and Scope of Managerial Economics
U-3: Scarcity, Economics & Managerial Economics
M-9: Economics, Scarcity and Choices
M-10: Scarcity and the Science of Economics
M-11: Managerial Economics Consumer Demand
M-12: Managerial Economics A Problem-solving Approach
U-4: Essentials of Cost Management
M-13: Fundamentals of Cost Management
M-14: Cost Management Accounting and Control
M-15: Cost Management Basics
M-16: Cost Management- A Culture to be Nurtured
U-5: Financial Management
M-17: Introduction to Financial Management
M-18: Time Value of Money
M-19: Interest Rate and Risk of Return
M-20: Cost of Capital
U-6: Business Economics
M-21: The Economic & Business Environment
M-22: Micro Economics – The Market System
M-23: Micro Economics – The Limitations of Market
M-24: Introduction to Macro Economics
U-7: Cost Accounting
M-25: Introduction to cost accounting
M-26: Accounting for Material
M-27: Accounting for Labor
M-28: Accounting for Overheads
U-8: Operational Cost Reduction: Tools and Strategy
M-29: Traditional Cost Management Systems
M-30: Waste Control for Cost Reduction
M-31: 5S for cost reduction
M-32: -Capacity planning and cost reduction
www.profqual.org.uk
Features:
Duration: 6 Months
Modules: 32
Short Video Materials: Yes
Mode of Learning: Self-Paced
Post Completion:
Exam Method:
Number of Exams: 08 (Each unit has One Exam)
Assignment:
Effort | 6 Months |
Live Chat | Enabled |
Regular Fee | $ 420.00 |
Special Fee | $ 320.00 |
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