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Economics Diploma Course

COURSE INFORMATION

Certified Course
Accredited Course
10 Modules
Study Group Access

Economics Diploma Course

ACCREDITATIONS

QLSCPD
Economics Diploma Course
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US$141.37
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US$11.12 deposit + 6 monthly payments of US$21.71
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What Will You Learn?

Laying the foundations of your economics knowledge, you’ll learn about the assumptions of economics (and the flaws of these assumptions), along with key theories and the behaviour of economic actors. You’ll gain a basic grasp of core concepts such as economies of scale, market failure, externalities, elasticities, and macroeconomic metrics such as inflation and unemployment.

With this knowledge, you will be able to understand what economic policies are appropriate given the economic landscape, and the potential unintended consequences of such policies.

The course begins by looking at the basic fundamentals that underpin our assumptions about the economy, including scarcity, choice, opportunity cost, and the objectives of private companies. From there, the course is divided into two parts, covering microeconomics and macroeconomics.

In the area of microeconomics, we’ll examine the price system, elasticity and behavioural economics, production and specialisation, and intervention and market failure.

In the second half of the course, we’ll explore macroeconomics – covering economic growth, inflation and unemployment, international trade, globalisation and exchange rates, and policies and government intervention.

By studying this course, you will:

  • Gain a foundational understanding of economics
  • Learn about microeconomics
  • Learn about macroeconomics
  • Understand economic policies and their potential unintended consequences
World map with graph in futuristic concept

Course Syllabus

What will I learn on the course?

Certified Course
Accredited Course
  • Introduction
  • Part 1: Scarcity and Choice
  • Part 2: Objectives of Firms
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 1 Assessment
  • Part 1: Supply and Demand
  • Part 2: Market Equilibrium
  • Part 3: Economies of Scale
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 2 Assessment
  • Part 1: Elasticity
  • Part 2: Types of Goods
  • Part 3: Understanding Decision Making
  • Part 4: Behaviour Finance
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 3 Assessment
  • Part 1: Specialisation
  • Part 2: The Law of Diminishing Returns
  • Part 3: Production Possibility Frontier
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 4 Assessment
  • Part 1: Market and Government Failure
  • Part 2: Taxation and Subsidies
  • Part 3: Nationalisation and Privatisation
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 5 Assessment
  • Part 1: Aggregate Demand
  • Part 2: Aggregate Supply
  • Part 3: Multiplier Effect
  • Part 4: Recessions
  • Part 5: Business Cycles
  • Part 6: Practical Task
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 6 Assessment
  • Part 1: Inflation
  • Part 2: Unemployment
  • Part 3: Phillips Curve
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 7 Assessment
  • Part 1: Balance of Payments
  • Part 2: Advantage of Trade
  • Part 3: Budget Deficit
  • Part 4: Practical Task
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 8 Assessment
  • Part 1: Globalisation
  • Part 2: Value of Currency
  • Part 3: Globalism and Anti-Globalism
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 9 Assessment
  • Part 1: Economic Policies I
  • Part 2: Economic Policies II
  • Conclusion
  • Test Your Knowledge
  • Key Learning Points Exercise
  • Module 10 Assessment
Who Would Benefit from This Course?

This course is for anyone wishing to gain a core understanding of how an economy functions in a capitalist society. Studying the Economics Diploma Course, you’ll be equipped to critically analyse economic data and news, understanding what is happening in markets and the macroeconomy.

Following completion of the course, you can build upon the foundational knowledge of economics gained by going on to further study – learning about IS-LM, banking and financial markets, game theory, and econometrics.

Financial data graph chart
Accreditations

The Economics Diploma Course will take you up to 150 hours to complete, working from home. There is no time limit for completing this course, it can be studied in your own time at your own pace.

This is a Level 3 course and will give you 150 CPD (Continued Professional Development) points.

Upon completion of your course assessments, you receive 2 certificates. A certificate from the Centre of Excellence and a CPD certificate displaying the number of CPD points earned from the course.

This course is endorsed by the Quality Licence Scheme. Therefore, upon successful completion of this course, learners can also receive a certificate of achievement from Quality Licence Scheme and a Learner Unit Summary, which lists the details of all the units the learner has completed as part of the course. (This certificate is optional and costs an additional £25).

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through their awarding organisations they have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. They are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Their knowledge and experience of working within the awarding sector enables them to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

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Economics Diploma Course
US$141.37
Economics Diploma Course
Economics Diploma Course
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