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Economics: Elasticity & Market Failures
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Advanced Learning Materials | Certificate Accredited by CPD | Lifetime Access | 24/7 Expert Tutor Support

Summary

Price
£19 inc VAT
Study method
Online
Duration
6 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
CPD What's this?
Certificates
  • Digital certificate - £4.99
  • Hard copy certificate - £9.99
Assessment details
  • Economics: Elasticity & Market Failures (included in price)
Additional info
  • Tutor is available to students

Overview

Taking the course "Economics: Elasticity & Market Failures" will give you a better understanding of how the economy works. You will learn about the concepts of supply and demand, elasticity, and market failures. This knowledge will help you make informed decisions about your finances and understand the economic forces that shape our world. Enrol now and embark on an enlightening journey to deepen your understanding of Economics!

Learning Outcomes:

  • Develop a solid understanding of economic principles and concepts, gaining proficiency in the field of Economics.
  • Analyse the market system and its impact on the circular flow model, deepening your comprehension of economic dynamics.
  • Comprehend the intricate relationship between supply, demand, and pricing and their relevance.
  • Explore the concept of elasticity and its significance in economic decision-making, expanding your knowledge in this crucial area.
  • Identify and analyse market failures, broadening your understanding of their implications in various economic scenarios.
  • Gain insights into macroeconomic factors like GDP, inflation, and international finance, enriching your understanding of the global economic landscape.

Certificates

Digital certificate

Digital certificate - £4.99

Hard copy certificate

Hard copy certificate - £9.99

Hardcopy Certificate for International Students: £14.99

For students outside of the United Kingdom, this option ensures delivery of a high-quality, professionally printed certificate to your international address for only £14.99.

Assessment details

Economics: Elasticity & Market Failures

Included in course price

To simplify the evaluation and accreditation procedure for students, we offer an automated assessment system. You'll have immediate access to a custom-created MCQ test or assignment after completing this course. The results will be immediately evaluated, and the score will be shown for your assessment. Each test will have a passing mark of 60%.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

Delve into the fascinating world of Economics with our meticulously designed course on elasticity and market failures. Over the duration of this program, you will acquire a strong foundation in economic principles and concepts. We'll guide you through essential topics such as supply and demand, pricing mechanisms, market structures, and macroeconomic factors.

Our engaging course materials will help you grasp the intricate details of elasticity and its role in economic decision-making. Moreover, you will gain a comprehensive understanding of market failures and their implications on various industries and economies.

Certification

Upon successful completion of the course, you have the option to receive a certificate titled Economics. The following prices apply for the certificates:

  • PDF Certificate: £4.99

You will receive an email with your certificate in PDF format that you can print or share for only £4.99.

  • Hardcopy Certificate for Students in the UK: £9.99

This option provides you with a high-quality, professionally printed certificate delivered to you anywhere in the UK for only £9.99

  • Hardcopy Certificate for International Students: £14.99

For students outside of the United Kingdom, this option ensures delivery of a high-quality, professionally printed certificate to your international address for only £14.99.

Who is this course for?

  • Students seeking to expand their knowledge of Economics.
  • Professionals looking to enhance their understanding of market dynamics.
  • Business enthusiasts aiming to gain insights into pricing strategies.
  • Individuals interested in the macroeconomic factors influencing global finance.
  • Anyone intrigued by the fascinating world of elasticity and market failures.

Career path

  • Economist: GBP 30,000 - GBP 60,000 per annum
  • Financial Analyst: GBP 35,000 - GBP 70,000 per annum
  • Market Research Analyst: GBP 25,000 - GBP 45,000 per annum
  • Policy Analyst: GBP 35,000 - GBP 65,000 per annum
  • Economic Consultant: GBP 40,000 - GBP 80,000 per annum

Questions and answers

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Reviews

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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.
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