Economic systems influence how organisations, governments, and consumers allocate resources and respond to today’s most pressing social and environmental challenges. Participants explore the principles of microeconomics and macroeconomics through the lens of sustainable development, examining how economic decisions influence prosperity, economic justice, social equity, and environmental responsibility in an increasingly interconnected world.

Participants analyse the impact of globalisation, demographic change, inequality, and climate change on business and society, while exploring how economies can transition towards a more resilient, low-carbon economy. The module examines the role of energy management, energy policy, renewable and alternative energy, the circular economy, and responsible consumption in creating sustainable economic systems. It also considers how governments, businesses, NGOs, and other stakeholders collaborate to promote environmental management, protect consumers, strengthen local economies, and create long-term sustainable value within the international business environment.

By combining economic theory with contemporary sustainability challenges, participants develop the analytical skills needed to evaluate policy choices, business strategies, and market developments that contribute to sustainable economic growth and organisational resilience.