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Western Kentucky University

CWD: Courses: Management and Supervisory Training

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Basic Economics

Session Format:

8 Hours Total (Two 4-Hour Sessions)


In order for employees to understand the influences and implications of a global economic system upon their jobs and employers, it is necessary for them to grasp some basic economic concepts. This training session presents an overview of how and why economic systems function.


The participant will learn: (1) the fundamentals of supply and demand analysis, and (2) to apply this analysis to international trade and competition, costs and productivity, health care, unemployment, growth and inflation.

Content Outline

  • Economic systems
  • Supply and demand
  • Surpluses and shortages
  • International competition
  • Economics of health care
  • Unemployment
  • Inflation
  • Economics and the environment

Who Should Attend

This seminar is intended for managers, supervisors, team leaders, and/or supervisory trainees.

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 Last Modified 9/24/14