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MGT-10/ Introduction to Economics and Business Models

From theory to traction. This hands-on course gives you a powerful introduction to how markets work — and how businesses operate within them. Explore fundamental economics, dissect modern business models, and build your own using frameworks used by startups and corporations alike.

3-Day Intensive Course for Business Students and Early-Stage Entrepreneurs

3 Intense Days
7 Hours per Day (Split into two 3.5-hour sessions)


Learning Path Visual

Your journey from market fundamentals to scalable value delivery:


Day 1: Economics Foundations — Markets, Incentives & Systems
Explore how supply and demand shape behavior, how prices allocate resources, and how incentives impact decisions. Understand the role of markets, governments, and institutions in economic systems.


Day 2: Business Model Fundamentals — Value Creation & Capture
Learn the core elements of business models (problem, solution, customer, channel, revenue, cost). Analyze how different businesses structure their value proposition and revenue mechanics.


Day 3: Innovation, Strategy & Disruption
Examine how technology reshapes models (platforms, subscriptions, data-driven plays), how companies pivot and scale, and how strategy interacts with structure. Build your own model using the Business Model Canvas.


Course Overview

Economics explains behavior. Business models apply it.
This course introduces the economic principles behind how markets function — and how businesses compete, generate value, and sustain operations. You’ll go from microeconomic foundations to practical model-building, with tools that help you analyze any organization.

Designed for students, early-career professionals, and startup founders, the workshop blends theory with practical modeling tools like the Lean Canvas and Osterwalder’s Business Model Canvas.


You’ll learn how to:

  • Understand market forces and incentive structures

  • Apply economic logic to business design

  • Identify and map value propositions

  • Analyze cost and revenue dynamics in real models

  • Use the Business Model Canvas and Lean Canvas frameworks

  • Recognize disruptive forces and innovation patterns


What’s Inside Each Day


Day 1 — Economics Foundations: Markets, Incentives & Systems

  • Scarcity, opportunity cost, and marginal thinking

  • Supply, demand, and price equilibrium

  • Elasticity, externalities, and public goods

  • Market failures and government intervention

  • Behavioral economics and bounded rationality

  • Systems thinking: capitalist, mixed, planned economies

Focus: Economic Logic • Market Behavior • Policy Context


Day 2 — Business Model Fundamentals: Value Creation & Capture

  • Core building blocks: customer, problem, value, solution

  • Revenue models: transactional, subscription, freemium, licensing

  • Cost structures and economies of scale

  • Case studies: SaaS, marketplaces, D2C brands

  • Intro to modeling tools: Business Model Canvas, Lean Canvas

  • Workshop: Deconstruct a real-world company model

Focus: Value Mapping • Revenue Strategy • Structural Analysis


Day 3 — Innovation, Strategy & Disruption

  • Business model innovation and technology shifts

  • The role of data, platforms, and network effects

  • Strategy vs. operations vs. structure

  • Pivoting and validating models

  • Workshop: Design your own business model

  • Feedback loop: pitch and iterate

Focus: Innovation • Canvas Practice • Strategic Thinking


Course Goals

By the end of this course, you’ll be able to:

  • Understand and explain core economic concepts that affect business

  • Break down how companies deliver, capture, and sustain value

  • Analyze the components of real business models across industries

  • Apply modeling frameworks to startup ideas, case studies, or redesign efforts

  • Think like an economist and entrepreneur simultaneously


Who Should Take This Course?

  • Business and economics students

  • Early-stage startup founders and co-founders

  • Product managers and growth marketers

  • Professionals pivoting into strategy or innovation roles

  • Anyone launching or validating a business idea


Class Reference: EBM/ENG
Form Updated on: 06/17/2025 (Version 1)
Last Modified on: 06/17/2025


Program Note

The course includes printable canvases, strategy maps, real startup case studies, and guided model-building sessions to support both analysis and creation.

Requirements
  • Registration Deadline: Up to two weeks before the start of the training.
  • Access to a computer with internet and a working microphone
  • Basic Computer Literacy
Target Audiences
  • Anyone launching or validating a business idea
Features
  • Teaching Methods :
  • Theory: 40% Practical Work: Serious games, role-playing, simulations

Not sure if this course is right for you?

Take our *free pre-course quiz* to assess your current knowledge level and get personalized recommendations.

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€55.00

Course Features

3 lessons
0 quiz
3 days
All levels
English
26 students
Yes
September 02, 2025

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