EHL Course Catalogue 2011-2012 - Ecole Hôtelière de Lausanne
EHL Course Catalogue 2011-2012 - Ecole Hôtelière de Lausanne
EHL Course Catalogue 2011-2012 - Ecole Hôtelière de Lausanne
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8122BR – Macroeconomics<br />
40 hours of contact – 4 US quarter credits – 4 ECTS credits<br />
� Summary<br />
During this course, the stu<strong>de</strong>nt will analyse the macroeconomic environment in which a company<br />
operates, including the role of the state in a national economy. He or she will analyse a nation‟s<br />
monetary and fiscal policy including the role of the central bank in combating inflation or <strong>de</strong>flation,<br />
as well as the impact of financial market trends on interest rates and central bank policy. He or she<br />
will also follow current trends through the financial press so as to integrate macroeconomic<br />
<strong>de</strong>velopments into the <strong>de</strong>cision-making process of a company. Finally the stu<strong>de</strong>nt learns to i<strong>de</strong>ntify<br />
the <strong>de</strong>terminants of international tra<strong>de</strong> and exchange-rate movements.<br />
� Objective<br />
� On successful completion of this course, you should be able to:<br />
Follow and un<strong>de</strong>rstand basic macroeconomic <strong>de</strong>velopments in a country, region or the world so as to<br />
integrate this information into the <strong>de</strong>cision-making process of a business firm and hospitality or<br />
otherwise; Assess the monetary and fiscal policy of a country and its impact on a business firm and<br />
hospitality or otherwise; Explain the main factors that <strong>de</strong>termine exchange rates and their impact on<br />
a country and economy as well as international tra<strong>de</strong> flows and Contribute to the <strong>de</strong>cision as to<br />
whether or not a hotel group should expend in a given region or country.<br />
8114 - 02BR – Business Software applications / spreadsheet<br />
30 hours of contact – 3 US quarter credits – 3 ECTS credits<br />
� Summary<br />
In this module stu<strong>de</strong>nts will acquire the competencies necessary to <strong>de</strong>sign spreadsheets using an<br />
analytical approach. They will use the appropriate tools within the framework of the current<br />
curriculum and in view of future professional needs. Stu<strong>de</strong>nts will apply analytical techniques to build<br />
and evaluate solutions with the help of management spreadsheets.<br />
� Objective<br />
At the end of this module stu<strong>de</strong>nts will have acquired the competencies to use the functions of the<br />
Excel programme to solve various quantitative problems and present the results in the form of a<br />
synthesis or a graph.<br />
MODULE: DECISION-MAKING TOOLS<br />
At the end of this module stu<strong>de</strong>nts will have acquired analytical competencies for the parameters<br />
that influence the hospitality environment, and will master the tools allowing them to evaluate the<br />
quantitative aspects of managerial <strong>de</strong>cisions. This module therefore reinforces the competencies of<br />
analysis and evaluation of the impact of the legal environment and tourism on companies in the<br />
hospitality industry. Specifically, it allows stu<strong>de</strong>nts to i<strong>de</strong>ntify the main questions relating to<br />
commercial law in an international context and allows them to adopt appropriate management and<br />
anticipatory strategies. Stu<strong>de</strong>nts will also have the opportunity to analyse the main indicators of the<br />
economic environment and their impact on the evolution of tourism. They will be able to analyse the<br />
<strong>Ecole</strong> <strong>Hôtelière</strong> <strong>de</strong> <strong>Lausanne</strong> – <strong>Course</strong> <strong>Catalogue</strong> Page | 20