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Overview

The Diploma in Fundamentals of Macroeconomics – Level 3 course will introduce you to the concept of microeconomics, supply and demand analysis, exchange rates, introduction to the labour market and growth theory. If you want to gain a thorough understanding of the fundamentals of microeconomics, this course is an excellent fit for you. The essentials of microeconomics are aligned with real-world scenarios helping you to apply the concepts in your job position. Gain insight into how the effects of supply and demand can impact the labour market.

The course will discuss key topics at length such as price inflation, how the price system works, money and banks, gross domestic product and principals and theories of microeconomics. The course will give you the understanding of how to address problems in any economic situation. You will learn critical thinking skills and how to apply it in every day circumstances.

The Diploma in Fundamentals of Macroeconomics – Level 3 equips learners with the skills and knowledge needed to perform efficiently in their job. The more qualified you are, the better market employability you will have. This allows for you to expand in your current job role or find a new one. Students who are studying microeconomics will find this course a stepping stone to advance in their academic training.

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Study 365 has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Study 365 to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

Why consider learning at Study 365?

With so many commitments in our lives, we may not have the time to learn new skills. The beauty of studying online is that you get to find this balance between your education and your daily commitments

Study 365 offers hundreds of online courses to students across the world. Gaining new skills has never been this easy as many of our courses are open to students with little or no qualifications or previous experience. All the courses are up-to-date, relevant, affordable, and will build on existing expertise or give you a jump-start to a new career. The courses are meticulously designed and equals what is offered in a classroom setting. With a solid reputation that has established and made us made us one of the most trusted and reliable online course providers we offer the most convenient path to gain recognised skills and training that will give you the opportunity to put into practice your knowledge and expertise in your chosen career. You can learn at your own pace at Study 365 and you will be provided with all the necessary material, tutorials, qualified course instructor, narrated e-learning modules, interactive quizzes and free resources which include Free CV writing pack, free career support and course demo to make your learning experience enriching and more rewarding.

 Learning Outcomes

  • Have a clear understanding of the price system and how it works.
  • Learn how to calculate profit and loss.
  • Learn to predict market outcomes.
  • Learn how supply, demand and equilibrium works.
  • Have a firm understanding of price discrimination and how the labour market works.
  • Learn the fundamentals of microeconomics.

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course.  The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Who is this Course aimed at?

  • Entrepreneurs and Economists
  • Business owners
  • Business Consultants
  • Professional learners, undergraduate students

Entry Requirement

  • Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
  • A recognised qualification at level 2 or above in any discipline.

Method of Assessment

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Certification

At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Course Code: QLS-05011

Accredited Body

Accredited body (Accreditation) ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

Progression and Career Path

Once you successfully completed the Level 3 Diploma in Fundamentals of Macroeconomics you will gain the knowledge that will give you the opportunity to gain employment in multiple positions of your choice. The certification will help give your career the kick start you’ve always wanted or to expand in your academic training and further your educational knowledge. You can also demand for that salary increment or job position. Below mentioned are few of the job positions this qualification will help you in, along with the average UK salary per annum according to https://www.payscale.com.

  • Business Consultant – £38,159 per annum
  • Small Business Owner – £24,747 per annum
  • Small Business Operator – £25,759 per annum
  • Economist – £35,731 per annum
  • Economic Consultant – £36,079 per annum

Others jobs you can get

  • Entrepreneur

Other Benefits

  • Written and designed by the industry’s finest expert instructors with over 15 years of experience
  • Repeat and rewind all your lectures and enjoy a personalised learning experience
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
  • Free Career Support Service
  • 25% Discount on personal Statement and covering letter writing service
  • Free Access to Over 150 courses for 2 days (48 hours)
  • Free access to course before you purchase (For selected courses only)

Course Curriculum

1: Importance of Prices and Inflation
Importance of Prices and Inflation 00:00:00
2: Importance of the Exchange Rate
Importance of the Exchange Rate 00:00:00
3: What is Gross Domestic Product
What is Gross Domestic Product 00:00:00
☑ Assignment
Assignment Brief I – Diploma in Fundamentals of Macroeconomics Level 3 00:00:00
☑ Submit your Assignment
(A) Assignment Submission I – Fundamentals of Macroeconomics Level 3 00:00:00
4: Definition and the Components of GDP
Definition and the Components of GDP 00:00:00
5: Understand the Labor Market
Understand the Labor Market 00:00:00
6: Importance of Money And Banks
Importance of Money And Banks 00:00:00
☑ Assignment
Assignment Brief II – Diploma in Fundamentals of Macroeconomics Level 3 00:00:00
☑ Submit your Assignment
(A) Assignment Submission II – Fundamentals of Macroeconomics Level 3 00:00:00
7: How Interest Rate effects
How Interest Rate effects 00:00:00
8: Understand the Macroeconomic Models
Understand the Macroeconomic Models 00:00:00
9: Understand the Growth Theory
Understand the Growth Theory 00:00:00
☑ Assignment
Assignment Brief III – Diploma in Fundamentals of Macroeconomics Level 3 00:00:00
☑ Submit your Assignment
(A) Assignment Submission III – Fundamentals of Macroeconomics Level 3 00:00:00
10: What is the Classical Model
What is the Classical Model 00:00:00
11: Understand the Keynesian Cross Mode
Understand the Keynesian Cross Mode 00:00:00
12: Understand the Is-Lm-Model
Understand the Is-Lm-Model 00:00:00
☑ Assignment
Assignment Brief IV – Diploma in Fundamentals of Macroeconomics Level 3 00:00:00
☑ Submit your Assignment
(A) Assignment Submission IV – Fundamentals of Macroeconomics Level 3 00:00:00
13: Understand the As – Ad - Model
Understand the As – Ad – Model 00:00:00
14: Learn Complete Keynesian Model
Learn Complete Keynesian Model 00:00:00
15: Learn The Neo-Classical Synthesis
Learn The Neo-Classical Synthesis 00:00:00
16: Exchange Rate Determination and the Mundell-Fleming model
Exchange Rate Determination and the Mundell-Fleming mode 00:00:00
☑ Assignment
Assignment Brief V – Diploma in Fundamentals of Macroeconomics Level 3 00:00:00
☑ Submit your Assignment
(A) Assignment Submission V – Fundamentals of Macroeconomics Level 3 00:00:00

Course Reviews

4.3

4.3
3 ratings
  • 5 stars1
  • 4 stars2
  • 3 stars0
  • 2 stars0
  • 1 stars0
  1. The support team is very helpful

    4

    A compelling course on the essentials of macroeconomics. The materials are filled with raw and enlightening content, with the support team being very helpful.

  2. Very Engaging and Coordinated Course

    5

    Clear, engaging material given. It was easy to understand the concepts taught

  3. Lovely Learning Experience

    4

    Lovely learning experience obtained. Would definitely recommend to others


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Certificate of Achievement


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Learner Unit Summary


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