Fundamentals of Macroeconomics

Diploma in Fundamentals of Macroeconomics - Level 3

Macroeconomics is an area that focuses on the performance, structure, behavior and decision making of an economy as a whole. Although excelling in this area is most ideal for economists, economic consultants and business consultants, small business owners, managers and other higher officials of an organisation might also benefit from its knowledge. Therefore, this Diploma in Fundamentals of Macroeconomics – Level 3 has been put together to help interested individuals understand all about macroeconomics and the components related to it.

In relevance to the course title, this course will delve into the whole concept of macroeconomics and its importance for an economy. You will then get to understand about price system and how it works, after which the course curriculum will touch on topics such as exchange rate, GDP, labour market, money and banks and many more.

This course has dedicated a few modules that will guide you on how to calculate profit and loss, how to predict market outcomes and how supply, demand and equilibrium works. A few chapters will also look into price discrimination and how the labour market works, all the while ensuring you get a good grip on the fundamentals of macroeconomics.

The course has been endorsed under the Quality Licence Scheme. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. the Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

*Study365 is an approved reselling partner for Quality Licence Scheme courses under Global Edulink

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

Learning Outcomes

• Have a clear understanding of the price system and how it works.
• Learn how to calculate profit and loss.
• Learn to predict market outcomes.
• Learn how supply, demand and equilibrium works.
• Have a firm understanding of price discrimination and how the labour market works.
• Learn the fundamentals of microeconomics.

Course Curriculum

1: Importance Of Prices And Inflation

2: Importance Of The Exchange Rate

3: What Is Gross Domestic Product

4: Definition And The Components Of Gdp

5: Understand The Labor Market

6: Importance Of Money And Banks

7: How Interest Rate Effects

8: Understand The Macroeconomic Models

9: Understand The Growth Theory

10: What Is The Classical Model

11: Understand The Keynesian Cross Mode

12: Understand The Is-Lm-Model

13: Understand The As – Ad - Model

14: Learn Complete Keynesian Model

15: Learn The Neo-Classical Synthesis

16: Exchange Rate Determination And The Mundell-Fleming Model

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Method of Assessment

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Please Note: Additionally, £79 is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 05 installments when you are submitting your assessments.

Certification

At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Accredited Body

Accredited body (Accreditation)the Quality Licence Scheme has long-established reputations for providing high quality vocational qualifications across a wide range of industries. the Quality Licence Scheme combines over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, the Quality Licence Scheme also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

• Entrepreneurs and Economists
• Business owners
• Business Consultants
• Professional learners, undergraduate students

• Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
• A recognised qualification at level 2 or above in any discipline.

• Business Consultant – £38,159 per annum
• Small Business Owner – £24,747 per annum
• Small Business Operator – £25,759 per annum
• Economist – £35,731 per annum
• Economic Consultant – £36,079 per annum

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