Skip to content
  1. Online
  2. Social Science
  3. Economics
Applied Economics: Theory and Practice cover image
Play overlay
Preview this course

Applied Economics: Theory and Practice
Xcel Learning

Economic Analysis for Sustainable Development

Summary

Price
Save 8%
£22 inc VAT (was £24)
Offer ends 14 April 2026
Study method
Online, On Demand 
Duration
1.3 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
2 students purchased this course

Add to basket or enquire

Overview

Applied economics is the study of how economic theories and concepts are used to solve real-world problems. It is an essential discipline that helps individuals and organisations make informed decisions about resource allocation, investment, and production.

The importance of applied economics lies in its ability to provide a framework for analysing and understanding economic issues and challenges. It helps individuals and organisations to evaluate the costs and benefits of various options and make informed decisions based on data and evidence.

In an Applied Economics course, students learn about microeconomics and macroeconomics, including supply and demand, consumer behaviour, production, and economic growth. They also study the role of government in regulating markets, international trade, and the global economy.

The course equips students with the tools and skills to analyse economic issues and develop solutions that are practical and effective. Applied economics graduates can pursue a wide range of careers in government, non-profit organisations, consulting, research, and academia. They are equipped with the knowledge and skills to make a significant contribution to the economic development of their communities and the world at large.

Certificates

Curriculum

13
sections
13
lectures
1h 19m
total

Description

Exciting Course Highlights: What You'll Learn!

Chapter 1: Introduction to Applied Economics

  • Overview of microeconomics and macroeconomics
  • The role of economics in decision-making
  • Economic models and theories

Chapter 2: Supply and Demand

  • Understanding the law of supply and demand
  • The determinants of supply and demand
  • How changes in supply and demand affect market equilibrium

Chapter 3: Consumer Behaviour

  • Theory of consumer choice
  • Utility maximisation and preferences
  • The impact of income and price changes on consumer behaviour

Chapter 4: Production and Cost Analysis

  • Understanding production and cost functions
  • The role of technology in production
  • The relationship between inputs and outputs

Chapter 5: Market Structures

  • Overview of different market structures
  • How to analyse competition and monopoly
  • The impact of market power on prices and output

Chapter 6: International Trade

  • Overview of the global economy
  • How trade affects economies and societies
  • The impact of tariffs and trade barriers

Chapter 7: Economic Growth

  • Understanding the determinants of economic growth
  • How to measure and analyse economic growth
  • The impact of institutions and policies on economic growth

Chapter 8: Public Policy and Regulation

  • The role of government in regulating markets
  • Understanding public goods and externalities
  • The impact of taxes and subsidies on economic outcomes

Chapter 9: Behavioral Economics

  • Overview of behavioural economics
  • Understanding cognitive biases and heuristics
  • The impact of behavioural economics on policy-making

Chapter 10: Econometrics

  • Introduction to econometric methods
  • How to estimate and interpret economic models
  • The role of data in economic analysis

Chapter 11: Applied Microeconomics

  • Case studies in applied microeconomics
  • How to apply economic theory to real-world problems
  • The impact of policy interventions on economic outcomes

Chapter 12: Applied Macroeconomics

  • Case studies in applied macroeconomics
  • How to analyse macroeconomic trends and issues
  • The impact of policy interventions on macroeconomic outcomes

Unleash Your Potential: Join Us Today and Elevate Your Skills with a Prestigious Digital Certificate upon Course Completion!

Who is this course for?

The course on Applied Economics: Theory and Practice is designed for students, professionals, and anyone interested in gaining a comprehensive understanding of how economic principles can be practically applied to real-world situations. It provides a practical foundation for making informed economic decisions and analysing economic phenomena, making it suitable for a wide range of learners seeking to enhance their economic literacy and problem-solving skills.

Questions and answers

There are currently no Q&As for this course. Be the first to ask a question.

Ask a question

Reviews

Currently there are no reviews for this course. Be the first to leave a review.

Leave a review

Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
View all
Similar subjects: Economics, Social Science
Related searches: Online courses

Interest free credit agreements provided by Zopa Bank Limited trading as DivideBuy are not regulated by the Financial Conduct Authority and do not fall under the jurisdiction of the Financial Ombudsman Service. Zopa Bank Limited trading as DivideBuy is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Bank Limited (10627575) is incorporated in England & Wales and has its registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. VAT Number 281765280. DivideBuy's trading address is First Floor, Brunswick Court, Brunswick Street, Newcastle-under-Lyme, ST5 1HH. © Zopa Bank Limited 2026. All rights reserved.