Introduction to Economics & the Business Mastermind
The Introduction to Economics and the Business Mastermind course covers economic theories and their application to practical situations and policy questions. The course improves students’ entrepreneurial skills through developing and executing a business idea from scratch. Students will gain a thorough background understanding of Economics and will also gain the ability to follow some of the current economic debates.
The course commences with lectures on macroeconomics and microeconomics, covering a wide range of theories and topics. This encompassed the ways in which the overall economy works, individual decision-making, supply and demand, market power, and market failure. After mastering these economic theories, students will take on the main business concepts, consisting of marketing, accounting, negotiation, pitching a business idea, and the art of influence. More importantly, students will find themselves engaged in drafting a business idea within a group, and finally executing it during the last few days of the programme. All profits from their venture will be donated to the students’ preferred Oxford Charity.
In 2014, students who participated in this course were featured in the local newspaper for their excellent work in raising money for ROSY, a local charity that helps sick youngsters, through selling scones. In 2015, students successfully raised money for The Child Brain Injury and the Oxford City Charity through selling scones and home-made tie-dyed shirts.