Basic Economics Course Course

Economics is a field of study that provides valuable insights about supply and demand and their relationship, as well as the production and consumption of goods and services. It investigates the rise and fall of product prices and examines the market dynamics relate to the oversupply or scarcity of products. Furthermore, this branch of knowledge helps us to determine strategies for avoid economic problems on a micro- and macro-level.

Economists are problem solvers. They dedicate time to analyse how the consumers and the market moves which is an essential factor in promoting economic welfare both in developed and under-developed nations. Every country aims for a progressive economy – the main reason why there is a growing need for economists all around the world.

At the end of this course, students shall learn how to: (1) comprehend fundamentals of economics; (2) be familiar with supply/demand relationship; (3) understand market structures; (4) gain knowledge in banking and finance; (5) understand investments and macroeconomics; and (6) become versed about global trading.

To achieve these goals, this course shall make use of interactive materials to present the concepts of the topics to be discussed. Assessments shall be done after the entire course to check for knowledge retention and understanding.

The standard of living in a certain country relies on its ability to produce goods and services. Increasing productivity is a critical knowledge which economists are familiar with – the main reason why they are highly sought by both government and non-government organizations in each and every country.

Course Overview

• Unit 1 – Introduction to Economics
  • Terminologies Used in Economics
  • Different Roles of Money
• Unit 2 – Demand Relationship
  • Demand and Supply
  • Economic Systems
• Unit 3 – Market Structures
  • Managerial Models and Theories
  • Monopoly and Oligopoly
• Unit 4 – Banking
  • Roles of the Central Bank
  • Supply and Demand for Money
• Unit 5 – Finance
  • Managing Interest Rates, Stock Markets, and Derivatives
  • Roles of the Financial Services Authority
• Unit 6 – Investments
  • Types of Investments
  • How to Evaluate a Company’s Performance and Prospects
• Unit 7 – Macroeconomics
  • How to approach National Income Accounting
  • Kinds of Economic Policies
• Unit 8 – Global Trading
  • Balance of Payments and the Exchange Rate
  • Role of EU and the Single European Market in the world trade

Certificate

Upon successful completion of this course, students will be awarded an IOLEN Certificate of Achievement from IOLEN Accreditation. This should help validate their learning experience and skill, and can be used as a resume builder.

Course Format

This course is divided into several modules and is delivered online through our interactive learning management system. Students are given access to the learning portal where they can access the course 24/7. This gives them complete control over the pace of their learning while also enabling them to study from home, in their offices or from a laptop while traveling.

Course Duration:

Normative or minimum period of study to complete this is 45 hours. Take note that this is only an estimate. The duration of completing the course still depends on the learner’s pace and ability to absorb information. Additionally, as the course is delivered online, learners have the options to divide and study the course in multiple session or go through it one go.

Learners will be given full access to this course for 12 months from the date of enrolment. During this period, learners are given the flexibility to complete the course at anytime.

• Allow you to keep up to date on the aspects of your career
• Give you an insight into your chosen career path
• Fill in the gaps of any knowledge you may not have
• Enhance your resume
• Show you are a committed learner

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