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Essentials of Economic Analysis: Tools and Frameworks cover image

Essentials of Economic Analysis: Tools and Frameworks
Cambridge Open Academy

Big Sale Event | CPD Accredited | Updated Module 2025 | FREE PDF Certificates | Lifetime Access | Experts’ Crafted

Summary

Price
£21 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
  • Certificate of Completion (PDF) - Free
  • Certificate of Completion (Hard Copy) - £9.99
Assessment details
  • Mock Exam & Final Exam (included in price)
Additional info
  • Tutor is available to students

Overview

Economics plays a pivotal role in our daily lives. From the goods we purchase to the job opportunities we pursue, understanding the intricate workings of the economy is essential. If you're fascinated by the numbers that drive our world then our comprehensive course in Economics is tailor-made for you.

Enrol today and unlock the boundless opportunities that await in the world of economics. Take the first step towards becoming a knowledgeable and influential player in the economic arena.

Learning Outcomes:

  • Gain a deep understanding of economic principles and their application in real-world scenarios.
  • Analyse the market system and comprehend the circular flow model.
  • Explore the dynamics of supply, demand, and pricing mechanisms.
  • Understand the concept of elasticity and its impact on markets.
  • Examine market failures and their implications on economic outcomes.
  • Dive into the realms of fiscal policies and their role in shaping the economy.

Certificates

Certificate of Completion (PDF)

Digital certificate - Included

Certificate of Completion (Hard Copy)

Hard copy certificate - £9.99

Note: Delivery of hardcopy certificate is free within the United Kingdom. However, to obtain a hardcopy certificate, international students have to pay £19.99 for the shipment to their designated address.

Assessment details

Mock Exam & Final Exam

Included in course price

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

Economic principles are crucial in understanding the economic landscape, particularly in the recruitment industry. The global recruitment industry is projected to reach £500 billion in the coming years, and understanding economic principles is essential for success. This course equips individuals with the knowledge and skills needed to navigate the complexities of the market, including market structures, fiscal policies, income distribution, and international finance.

Curriculum Breakdown:

  • Module 01: An Introduction to Economics
  • Module 02: The Market System and the Circular Flow Model
  • Module 03: Supply, Demand and Prices
  • Module 04: Prices
  • Module 05: Elasticity
  • Module 06: Market Failures
  • Module 07: Production and Costs
  • Module 08: Market Structure: Perfect Competition vs Monopoly
  • Module 09: Money, Banking and the Financial System
  • Module 10: Measuring GDP and Economic Growth
  • Module 11: Unemployment
  • Module 12: Inflation

Who is this course for?

  • Individuals interested in understanding the fundamental principles that drive economic systems.
  • Aspiring economists and policymakers seeking to deepen their knowledge.
  • Professionals in recruitment and related fields looking to enhance their decision-making abilities.
  • Students and academics pursuing studies in economics or related disciplines.

Requirements

  • No prior knowledge needed
  • Compatible with any internet-enabled device, including computers, tablets, and smartphones.
  • Consistent learning experience
  • Accessible anywhere, anytime
  • No limitations on access
  • Use Wi-Fi or mobile data

Career path

  • Economic Analyst – £28,000 to £45,000 per year

  • Financial Consultant – £30,000 to £50,000 per year

  • Business Analyst – £25,000 to £45,000 per year

  • Policy Advisor – £30,000 to £55,000 per year

  • Investment Analyst – £32,000 to £60,000 per year

  • Market Research Analyst – £25,000 to £40,000 per year

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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