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Economics

Summer Flash Sale | Level 6 Endorsed by The Quality Licence Scheme |150 CPD Point| Audio Visual Training | Exam Included


Academy for Health & Fitness

Summary

Price
Save 96%
£13 inc VAT (was £421)
Offer ends 24 June 2021
Study method
Online, self-paced
Duration
614 hours
Access to content
365 days
Qualification
No formal qualification
CPD
150 CPD hours / points
Achievement
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

2 students purchased this course

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Overview

Are you worried about your grades or aiming to pursue your higher education in Economics but don't know enough about it? Do you want to solve real-world economic issues or write your research project?

Perhaps you want to develop a business model but don't know about production cost or pricing. Then this Intermediate Economics course is for you! The Intermediate Economics Level 6 course covers the fundamentals of demand and supply, production theory, market structures, and market failures.

This Level 6 Economics course is endorsed by The Quality Licence Scheme and accredited by CPD, CMA & IAO (with 150 CPD points) to make your skill development and career progression related to Economics substantial and easier than ever!

Our lectures have been arranged in such a way that learners of all levels and from all educational backgrounds can easily understand the Level 6 Intermediate Economics course. The advanced audiovisual learning materials are divided into small easy to understand bite-sized modules to help you learn at your own pace. Relevant quizzes between modules will help you keep your concentration and assist you in developing new skills. Our expert tutors are available from Monday to Friday to answer your queries and guide you through this development journey.

What will you learn from this Intermediate Economics Level 6 Course?

  • Evaluate business decisions from an economic perspective
  • Formulate and recommend business decisions
  • Fundamentals of Microeconomics & Macroeconomics
  • Characteristics of market systems including the Circular Flow Model
  • How demand and supply influence market prices
  • Ability to control price and the effects of pricing
  • Elasticity including formulas for calculating price elasticity of demand
  • Market failures in competitive markets & government’s role in the economy
  • How to calculate costs of production: Total, Average, Marginal
  • Profit maximisation in the short run including the theory of monopoly
  • Money, banking & the financial system as well as measuring GDP & economic growth
  • Economic concepts such as unemployment, inflation, income, poverty & more.
  • Understand foreign exchange market and market equilibrium
  • Learn about budget, VAT and income tax structures

The course materials of Level 6 Intermediate Economics studies are designed by experts and you can access these easily from any of your smartphones, laptops, PCs, tablets etc. Our expert instructors are available on weekdays to listen to any of your queries via email and help you in achieving your goals.

Grab this opportunity today and be an expert on Economics with our Intermediate Economics Level 6 program. Earn your accredited certificate to enhance your chances of landing your dream job or getting a promotion by improving your professional skills.

Achievement

CPD

150 CPD hours / points
Accredited by CPD Accreditation Group

Course media

Description

This Intermediate Economics Level 6 course is broken down into several in-depth modules to provide you with the most convenient and rich learning experience possible. Upon successful completion of the Level 6 Intermediate Economics course, you will receive an instant e-certificate as proof of comprehensive skill development and competency.

This Level 6 Economics course is endorsed by The Quality Licence Scheme and accredited by CPD, CMA & IAO (with 150 CPD points) to make your skill development and career progression related to Economics substantial and easier than ever!

Enjoy the Intermediate Economics course materials online from any internet-enabled device and learn when it suits you. Start your learning journey with this Intermediate Economics Level 6 training program straight away and take a step forward in securing a better future!

Why Prefer Us?

  • Opportunity to earn a certificate accredited by CPD, CMA & IAO after completing this course
  • Student ID card with amazing discounts — completely for FREE! (Postal charges will be applicable for international delivery)
  • Standard-aligned lesson planning
  • Innovative and engaging contents and activities
  • Assessments that measure higher-level thinking and skills
  • Complete the Mental Health program in your own time, at your own pace
  • Each of our students gets full tutor support on weekdays (Monday to Friday)

**Curriculum Course**

Here is the curriculum breakdown of this Intermediate Economics Level 6 Course:

Economics Module 01: An Introduction to Economics

  • Basic Definitions to Start With
  • Factors of Production
  • Categories of Economics
  • Production Possibilities Frontier Framework
  • Law of Increasing Opportunity Costs
  • A Budget Line

Economics Module 02: The Market System and the Circular Flow Model

  • The Market System
  • Characteristics of the Market System
  • The “Invisible Hand”
  • The Circular Flow Model

Economics Module 03: Supply, Demand and Prices

  • What Is Demand?
  • The Demand Curve
  • Individual Demand Curve vs Market Demand Curve
  • Factors Causing the Demand Curve to Shift
  • What Is Supply?
  • The Law of Supply
  • Factors Causing the Supply Curve to Shift
  • A Change in Supply vs a Change in Quantity Supplied
  • A Few Important Terms Related to Supply and Demand
  • Equilibrium Price and Quantity
  • Equilibrium in Terms of Consumers’ and Producers’ Surplus

Economics Module 04: Prices

  • Two Major Jobs of Price
  • Price Controls
  • Effects of Price Ceiling
  • Effects of a Price Floor
  • Absolute Price and Relative Price

Economics Module 05: Elasticity

  • Introduction to Elasticity
  • Price Elasticity of Demand
  • The formula for Calculating Price Elasticity of Demand
  • From Perfectly Elastic to Perfectly Inelastic Demand
  • Price Elasticity of Demand and Total Revenue
  • Determinants of Price Elasticity of Demand
  • Applications of Price Elasticity of Demand
  • Cross Elasticity of Demand
  • Income Elasticity of Demand
  • Price Elasticity of Supply
  • Price Elasticity of Supply and Time

Economics Module 06: Market Failures

  • Market Failures in Competitive Markets
  • Demand-Side Market Failures
  • Supply-Side Market Failures
  • Efficiently Functioning Markets
  • Public Goods
  • Externalities
  • Internalising Externalities
  • Asymmetric Information
  • Government’s Role in the Economy

Economics Module 07: Production and Costs

  • The Market and the Firm
  • Two Sides to Every Business Firm
  • Explicit and Implicit Cost
  • Accounting Profit vs Economic Profit
  • Zero Economic Profit
  • Production
  • Long Run vs Short Run
  • Production in the Short Run
  • Some Economic Cost Concepts
  • Average Productivity
  • Costs of Production: Total, Average, Marginal
  • Sunk Cost
  • Economies of Scale, Diseconomies of Scale and Constant Returns to Scale

Economics Module 08: Market Structure: Perfect Competition vs Monopoly

  • The Theory of Perfect Competition
  • Demand Curve for a Perfectly Competitive Firm
  • Marginal Revenue Curve of a Perfectly Competitive Firm
  • Profit Maximization in the Short Run
  • To Produce or Not to Produce
  • The Theory of Monopoly
  • Barriers to Entry
  • The Monopolist’s Demand and Marginal Revenue
  • Perfect Competition vs Monopoly
  • Price Discrimination

Economics Module 09: Money, Banking and the Financial System

  • The Meaning of Money
  • Functions of Money
  • Defining the Money Supply
  • Commercial Banks
  • Central Bank
  • The Bank’s Balance Sheet
  • The Financial System

Economics Module 10: Measuring GDP and Economic Growth

  • GDP Defined
  • The Circular Flow of Expenditure and Income Revisited
  • GDP Equals Expenditure Equals Income
  • Measuring UK GDP
  • Nominal GDP and Real GDP
  • Computing Real GDP
  • Limitations of Real GDP
  • Economic Growth
  • Calculating Growth Rates

Economics Module 11: Unemployment

  • Why Unemployment Is a Problem
  • Who Are the Unemployed?
  • Three Labour Market Indicators
  • Frictional Unemployment
  • Structural Unemployment
  • Natural Unemployment

Economics Module 12: Inflation

  • The Price Level
  • Why Inflation and Deflation Are Problems?
  • Computing the Price Level
  • Measuring the Inflation Rate
  • The GDP Deflator

Economics Module 13: Income Distribution and Poverty

  • Economic Inequality
  • Measuring Income Equality
  • Factors Contributing to Income Inequality
  • Poverty

Economics Module 14: International Finance

  • The Foreign Exchange Market
  • Appreciation and Depreciation of Exchange Rates
  • The Demand for, and Supply of, Currencies
  • Market Equilibrium
  • Flexible vs Fixed Exchange Rates
  • The Current System

Economics Module 15: Fiscal Policy

  • Meaning of Budget
  • Income Tax Structures
  • Budget Deficit, Surplus, or Balance
  • Valued-Added Tax
  • Aggregate Demand
  • Aggregate Supply
  • Some Relevant Fiscal Policy Terms
  • Demand-Side Fiscal Policy
  • Supply-Side Fiscal Policy

Assessment Process

We offer an integrated assessment framework to make the process of evaluation and accreditation for learners easier. You have to complete the assignment questions given at the end of the course and score a minimum of 60% to pass each exam. Our expert trainers will assess your assignment and give you feedback after you submit the assignment.

You will be entitled to claim a certificate endorsed by the Quality Licence Scheme after you have completed all of the exams.

Show off Your New Skills With a Certification of Completion

Endorsed Certificate of Achievement from the Quality Licence Scheme After successfully completing the Economics course, you can order an original hardcopy certificate of achievement endorsed by the Quality Licence Scheme. The certificate will be home-delivered, with a pricing scheme of —

  • 129 GBP inside the UK
  • 139 GBP (including postal fees) for international delivery

Certification Accredited by CPD, CMA & IAO

Upon finishing the Economics course, you will receive an accredited certification that is recognised all over the UK and also internationally. The pricing schemes are —

  • 10 GBP for Digital Certificate
  • 29 GBP for Printed HardCopy Certificate inside the UK
  • 39 GBP for Printed HardCopy Certificate outside the UK (international delivery)

Who is this course for?

Is This Intermediate Economics Level 6 Course Right for You?

Our Intermediate Economics Level 6 is ideal for anyone interested in learning the foundations of economics as a course. Freshmen / high school economics students, teachers, private tutors, and people interested in business economics can immensely benefit from this online programme by learning new skills.

Requirements

There are no previous knowledge requirements for the Intermediate Economics Level 6 program; this is open to anyone! Any learning enthusiast from anywhere in the world can enrol on this Intermediate Economics Level 6 course without any hesitation.

All students must have a passion for learning and literacy and be over the age of 16.

Browse this 100% online course from any internet device, including your computer, tablet or smartphone. Study at your own pace and earn an industry-recognised qualification with this Intermediate Economics Level 6 course.

Career path

Gaining new skills will always help you get a job in a relevant sector. Our online level 6 intermediate economics course will allow you to explore opportunities such as:

  • Economist
  • Teacher
  • Private Tutor
  • Financial Risk Analyst
  • Data Analyst
  • Business Analyst
  • Financial Planner
  • Accountant
  • Financial Consultant
  • Investment Analyst
  • Economic Researcher and many more!

Questions and answers

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk 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.

What are CPD hours/points?

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.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

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.

What is an ‘endorsed’ course?

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.