GIA adds online economics class

The Gemological Institute of America’s School of Business has added an online economics class this summer. The class, slated for June 21 through Aug. 27, can be completed by computer from anywhere in the world. Students will learn the fundamentals of economics and related concepts and theories as they relate specifically to the jewelry industry.

Vilma Vallillee, assistant professor at GIA’s School of Business, said students will examine various sectors in jewelry economics, including wholesaling, production, manufacturing, and retail. The class will study the effects of political systems, monopolies, diamond and colored stone supplies, and the pricing of gem materials and precious metals as they apply directly to their businesses. Those who complete the course will also understand how to use resources to maximize profits, she said, and it can all be accomplished online.

“The class covers global economic issues that are taking place in the jewelry industry at this time,” Vallillee says. “It’s so current that by the time the next class begins, predictions from the previous semester would have already been revealed. Students make forecasts, and by the next term they can see the effects of what they’ve studied.”

Vallillee adds that taking the class online allows students to research such information as current gold prices and other related items at their convenience through the Internet.

Economics is one of 13 elective classes that students can take to complete the Jewelry Business Management diploma program. The four required classes are Accounting Basics, Ethics and Law, Fundamentals of Marketing, and Principles of Management.

To enroll in the online Economics class, or for more information about GIA’s School of Business, call 800-421-7250, ext. 4001, e-mail eduinfo@gia.edu, or visit www.gia.edu.