Markets & the
Globalised Economy

Applications now closed for 2021

Gain essential knowledge of how markets work and interact in the global economy


The Oxford University Business Economics Programme equips business leaders with rigorous economic theory and its application in order to navigate their current business challenges and inform strategic decisions.

It disseminates world-class research by Oxford University academics on topics highly relevant to businesses across sectors and society in general.

Alongside our carefully curated syndicate groups, we create unique networking opportunities across sectors, geographies and roles.

About the Programme

What people say about OUBEP:


“A brilliant analysis, very thought provoking, and just what you would expect from OUBEP. Changes your view of how the world works too, critically and economically.”

From understanding the laws of supply and demand in shaping prices and quantities on global markets, to learning about the roles of central banks and governments for leading economies out of recessions, this programme is designed to equip you with the essential economic knowledge to grasp the workings of modern economies.

Through a series of current applications, you will explore fundamental economic principles driving key issues of our time: the prevalence of inequality and its implications for individuals and entire economies, the reasons for and the consequences of quantitative easing or the importance of startups and young businesses for innovation and growth.

Taught through a combination of online lectures and live, small syndicate group discussions, this course provides you with unique access to the world-class researchers at the Economics Department of the University of Oxford. Come and join our community, learn the fundamentals of Economics from our experienced academics and community of business leaders.

What it covers

Microeconomic topics

  • Laws of supply and demand
  • Markets and their failures
  • Externalities and missing markets
  • Market power and competition
  • Strategic interaction and pricing
  • Information asymmetry and signalling

Macroeconomic topics

  • Growth and innovation
  • Entrepreneurship and startups
  • Inequality within and across countries
  • Recessions and how to fight them
  • Economic cycles and their costs
  • Central bank and government policies
“High quality academic and business perspective from new angles. Great insight.”

Lecture Programme

Microeconomic topics

With Abi Adams-Prassl and Alex Teytelboym

Markets and their failures 

  • Do minimum wages increase unemployment?
  • The economics of vaccines
  • What can economics tell us about saving the planet?

Market power and competition

  • Where else can you buy this?
  • Understanding market power
  • What economics of information tells us about investment
  • Bidding in an auction? How to stay ahead with game theory

Macroeconomic topics

With Andrea Ferrero and Petr Sedláček

  • Recessions and how to fight them
    One crisis after the next
  • How do central banks deal with crisis?
  • Will the Biden plan cause inflation?

Growth and innovation

  • Will COVID leave a permanent economic scar?
  • Where has all the growth gone?
  • Entrepreneurship, jobs and innovation

Lecture Programme

Who is the Programme For?

This course is designed for leaders and managers at all levels who want to acquire a foundation in economics to inform and create impactful strategies in order to better respond to current challenges.

“Rigorous and challenging economic analysis. always Well presented by world class experts.​”

The learning experience

Online lectures on demand
  • 12 hours of lectures by world-class experts
  • Released gradually between June and September 2021
  • Rich material to support your learning
Online Syndicate discussions
  • 4 hours of live sessions
  • Interactive discussions with a dedicated tutor and no more than 10 delegates
  • Multiple time zones
Online Q&A
  • 1 hour per week
  • Engaging group discussions and
  • Q&A with Teaching assistant via Chat
Group Challenge
  • Use the tools to work on a practical challenge with a small group
  • Present your findings at the graduation day and win a prize.

Benefits and costs

Our introductory price of £1950 per
person includes: 

  • Introduction into economic theory and its applications
  • Oxford-style learning experience with world-class experts
  • All course material, exercises and extra reading
  • Graduation ceremony and dinner in Oxford Certificate of completion

Create a network

  • Carefully curated mix of participants per syndicate, across sectors and roles
  • Groups of 3-4 people to work on a common challenge throughout the course
  • Celebrate together at the Graduation day in Oxford on 24th September 2021
    • Presentation of the challenge & prize
    • Dinner
    • Traditional Oxford activities

Meet the faculty

Our programme, led by Professor Petr Sedláček, is taught by experienced Oxford academics conducting frontier Economic research. Combined, our team has attracted over 3million pounds in external research funding and has real-life Economic policy experience. Join our programme to get a chance to learn from them.

Petr Sedlacek

Petr is a Professor of Economics at the Department of Economics in Oxford and a tutorial fellow at Christ Church. He is also the Senior Tutor for OUBEP, responsible for all of its academic content. He is a macroeconomist with a particular interest in the heterogeneity among workers and firms. His research combines empirical analysis of large microlevel datasets and quantitative models of the macroeconomy. Most recently, his research has attracted over £1 million to study the role start-ups play for the aggregate economy in terms of creating jobs and driving innovation.

Alongside his academic work, Petr has been consulting for a range of institutions, including the European Commission. There, he has helped develop a policy tool for gauging the employment impacts of the COVID-19 pandemic for the member states and a framework for evaluating the Commission’s R&D policies.

Abi Adams_Prassl

Abi Adams-Prassl

Abi is an Associate Professor at the Department of Economics at the University of Oxford. She has published in leading journals in Economics, Law, and Computer Science, and is on the editorial board of The Review of Economic Studies, one of the leading economics journals globally. She has raised over £2.5million in research funds for a range of projects on the impact of technology of work and the justice system, and on understanding gender inequality in the labour market and beyond. She was awarded the Economic & Social Research Council’s Outstanding Impact on Public Policy Prize and was selected as an initial leader of the Oxford Policy Engagement Network.

Alongside her University work, Abi is currently a Specialist Advisor to the UK Parliament Women & Equalities Select Committee and advises a range of stakeholders on empirical analysis relating to strategic litigation in the realm of public law and human rights.

Abi Adams_Prassl

Alex Teytelboym

Alex Teytelboym is an Associate Professor in Economics within the Department of Economics in Oxford, Tutorial Fellow at St Catherine’s College, and Senior Research Fellow. At the Institute for New Economic Thinking (INET) at the Oxford Martin School.
His main research interests lie within market design (e.g. matching markets and auctions) and network economics. He is interested in the applications of economic theory to many policy areas, including environment, energy and refugee resettlement.
Andrea Ferrero

Andrea Ferrero

Andrea is a Professor of Economics in the Department of Economics at the University of Oxford and the Levine Fellow in Economics at Trinity College Oxford, where he teaches macroeconomics. Andrea spent seven years in the Research Department at the Federal Reserve Bank of New York. He is currently an academic consultant for the Bank of England.

His research interests are in the areas of Monetary Economics and International Macroeconomics. Among other topics, he has worked on policy options in a currency union, the determinants and implications of global imbalances, and the macroeconomic impact of the Fed unconventional policies. Currently, he focuses on monetary policy and financial frictions in closed and open economy, and on the determinants of low real interest rates.

“I found the lectures very informative, it challenged my thinking in terms of my day-to-day role, and gave me reinforcement of my ideas and work to make data-based decisions.”​

What will set you apart

“As I had hoped, the carefully chosen contributors to the breakfast series brought new insight based on in-depth research and well-presented data. Very thought provoking.”

On completion of this course, you’ll walk away with:

  • The ability to understand economic theory and fundamental economic principles driving key issues of our time
  • The essential economic knowledge to grasp the workings of modern economies
  • The frameworks and data needed to confidently inform your business’ strategy, leveraging our expert’s frontier research
  • Access to a diverse group of participants to exchange ideas and knowledge across sectors and roles
  • The ability to directly apply economic theory to the challenge of sustainability and climate change
Oxford University Business Economics Programme

June-September 2021

Markets & The Globalised Economy

Technical Requirements
You will be required to have access to Microsoft Teams for the best course experience