EHL Course Catalogue 2011-2012 - Ecole Hôtelière de Lausanne

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