Finance and Economics

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A short summary

Finance and economics is a subject in mastering the necessary financial and economic knowledge. The subject covers personal budget management, basic accounting principles, business finance instruments, and knowledge of business and economic cycles.

Financial literacy helps you gain clear insights, make better decisions, and take the necessary steps to increase operational efficiency. Finance and the economy affect all areas of business and play a very important role in measuring business profitability and other indicators. It is an area that develops critical thinking and the ability to choose the best of the many alternatives around us.

A good understanding of finance and economics helps to answer many business-related questions, better measure risks, and to predict the future.

Having a strong basis of financial and economic knowledge will allow:

  • Plan personal and organizational finances;
  • Assess and manage the value of an company assets;
  • Predict and adapt to market changes;
  • Improve business processes and increase profitability.


  • Resources

    All curiculum related resources are now hosted on the Akade Slack channel . Sign-in credentials are created by completing a student or teacher registration form.



    Groups
    Facebook Slack


    Skills and Competencies

    Communication skills

    The effective communication is the act of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.

    Analytical thinking

    Analytical thinking involves a methodical step-by-step approach to thinking that allows you to break down complex problems into single and manageable components.

    Complex problem solving

    This is a collection of self-regulated psychological processes and activities necessary in dynamic environments to achieve ill-defined goals that cannot be reached by routine actions.

    Math skills

    Understanding numerical values and math symbols. Doing numerical operations (addition, subtraction, division, multiplication) Being able to recall math facts.

    Decision making skills

    Whether you're deciding which person to befriend with, which route to take, or which strategy to pursue, the ability to make a good decision with available information is vital.

    Logical thinking

    Problems or situations that involve logical thinking (consistent reasoning) call for structure, for relationships between facts, and for chains of reasoning that “make sense.”

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