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Diploma in Fundamentals of Business Economics - Level 3

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Overview

Business economics analyse business enterprises using quantitative methods and economic theories. It focuses on the economic problems and issues related to an organisation, its strategies and management and is a traditional tool that is used to make managerial decisions and forward planning. It has also proven beneficial in chalking out business policies, controlling costs, coordinating business activities, profit planning and controlling and many more, which is why expertise in this subject is crucial for management professionals of an organisation.

This course program is a great opportunity if you too wish to get a good grip on business economics to either get into or progress in a related career. All the modules are professionally narrated to effectively build on your business economies knowledge and will enlighten you on the more intermediate topics such as law of demand and supply and price elasticity of demand and supply.

Once you identify the stakeholders of an organisation and their role within a business, you will move onto discover the various types of markets in an economy, the economies of scale, circular flow of income and monetary policy and the circular structure of trade. The other topics of business economics such as international trade, financial markets, financial instruments, financial intermediaries and investment appraisals will also be discussed to give you a more wholesome learning experience.

The course has been endorsed under the ABC Awards and Certa Awards 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. ABC Awards & Certa Awards 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.

*1Training is an approved reselling partner for ABC Awards courses under Global Edulink

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

Why Consider 1Training?

As improvements and advancements are made in technology, online courses are no longer just conventional means of studying at affordable costs. In many aspects online training offers superiority to traditional learning. There is an effectiveness and convenience that traditional learning cannot provide. The overall convenience and flexibility makes it a superior learning method.

1Training offers the most convenient path to gain an internationally recognized qualification that will give you the opportunity to put into practice your skill and expertise in an enterprise or corporate environment. You can study at your own pace at 1Training and you will be provided with all the necessary material, tutorials, qualified course instructor and multiple free resources which include Free CV writing pack, Nus Discounted Card, Free career support and course demo to make your learning experience enriching and more rewarding.

Learning Outcomes

  • What is a business and what is its purpose?
  • Identify the stakeholders of an organisation and their role within the business
  • Explore the law of demand and supply and price elasticity of demand and supply
  • Discover the various types of markets in an economy
  • Learn about economies of scale and their benefits to organisations
  • Examine the circular flow of income and monetary policy and the circular structure of trade
  • Gain an insight into international trade
  • Understand about financial markets, financial instruments, financial intermediaries and investment appraisals

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 content will be accessible to you 24/7. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Key Features

Gain an accredited UK qualification

Access to excellent quality study materials

Learners will be eligible for TOTUM Discount Card

Personalized learning experience

One year’s access to the course

Support by phone, live chat, and email

  • 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

This course is perfect for individuals hoping to get into or progress within the economics field of work. Entrepreneurs, business owners, business consultants, accounting or finance executives and statisticians might also find this course benefitting in their career progression.

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, a total of £49 is charged for the assessment and certificate, and you need to pay that when submitting your assessments only (It is not required to pay initially upon registering). This payment can be made in 02 installments.

ABC awards and Certa Awards will provide successful learners with a Certificate of Achievement and a Learner Unit Summary, which lists the units completed by the learner through this course.

Accredited Body

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine 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, ABC Awards and Certa Awards 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.

Progression and Career path

This certificate will improve your marketability for a number of jobs in the corporate industry. With this certificate, you can also demand for a salary increment or a job promotion to progress in your career or expand your education in the subject. Below given are some of the jobs this certificate will help you in, along with the average UK salary per annum according to https://www.payscale.com,

  • Business Consultant – £38,135 per annum
  • Small Business Owner  – £27,871 per annum
  • Small Business Operator – £27,871 per annum
  • Economist – £35,620 per annum
  • Economic Development Manager

Other benefits

  • Written and designed by the industry’s finest experts with over 15 years of experience
  • Repeat and revise all your lectures and enjoy a personalized learning experience
  • Gain access to quality video tutorials
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
  • Free Career Support Service
  • 25% Discount on personal Statement and covering letter writing service
  • Free Access to Over 150 courses for 2 days (48 hours)
  • Free access to course before you purchase (For selected courses only)
  • 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

This course is perfect for individuals hoping to get into or progress within the economics field of work. Entrepreneurs, business owners, business consultants, accounting or finance executives and statisticians might also find this course benefitting in their career progression.

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, a total of £49 is charged for the assessment and certificate, and you need to pay that when submitting your assessments only (It is not required to pay initially upon registering). This payment can be made in 02 installments.

ABC awards and Certa Awards will provide successful learners with a Certificate of Achievement and a Learner Unit Summary, which lists the units completed by the learner through this course.

Accredited Body

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine 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, ABC Awards and Certa Awards 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.

Progression and Career path

This certificate will improve your marketability for a number of jobs in the corporate industry. With this certificate, you can also demand for a salary increment or a job promotion to progress in your career or expand your education in the subject. Below given are some of the jobs this certificate will help you in, along with the average UK salary per annum according to https://www.payscale.com,

  • Business Consultant – £38,135 per annum
  • Small Business Owner  – £27,871 per annum
  • Small Business Operator – £27,871 per annum
  • Economist – £35,620 per annum
  • Economic Development Manager

Other benefits

  • Written and designed by the industry’s finest experts with over 15 years of experience
  • Repeat and revise all your lectures and enjoy a personalized learning experience
  • Gain access to quality video tutorials
  • Unlimited 12 months access from anywhere, anytime
  • Save time and money on travel
  • Learn at your convenience and leisure
  • Eligible for a TOTUM discount card
  • Free Career Support Service
  • 25% Discount on personal Statement and covering letter writing service
  • Free Access to Over 150 courses for 2 days (48 hours)
  • Free access to course before you purchase (For selected courses only)
Course Curriculum Total Units : 30
1: What Is A Business Organisation
What is a Business Organisation
2: Shareholders
Shareholders
3: Introduction To Demand And Supply
Introduction to Demand And Supply
4: Understand The Price Elasticity Of Demand And Supply
Understand the Price Elasticity of Demand and Supply
☑ Assignment
Assignment Brief I – Diploma in Fundamentals of Business Economics Level 3
☑ Submit Your Assignment
(B) Assignment Submission – Fundamentals of Business Economics Level 3
5: Identify The Market Types
Identify the Market Types
6: Understand The Economies Of Scale
Understand the Economies of Scale
7: Learn Market Regulations
Learn Market Regulations
8: Circular Flow Of Income And Monetary Policy
Circular Flow of Income and Monetary Policy
☑ Assignment
Assignment Brief II – Diploma in Fundamentals of Business Economics Level 3
☑ Submit Your Assignment
(B) Assignment Submission – Fundamentals of Business Economics Level 3
9: Circular Structure Of Trade
Circular Structure of Trade
10: Understand The Supply And Demand Model
Understand the Supply And Demand Model
11: International Trade
International Trade
12: Forex And Exchange Rates
FOREX and Exchange Rates
☑ Assignment
Assignment Brief III – Diploma in Fundamentals of Business Economics Level 3
☑ Submit Your Assignment
(A) Assignment Submission – Fundamentals of Business Economics Level 3
13: Understand The Financial System
Understand the Financial System
14: Types Of Financial Intermediaries
Types of Financial Intermediaries
15: Financial Markets And Instruments
Financial Markets and Instruments
16: Discounting And Investment Appraisal
Discounting and Investment Appraisal
☑ Assignment
Assignment Brief IV – Diploma in Fundamentals of Business Economics Level 3
☑ Submit Your Assignment
(A) Assignment Submission – Fundamentals of Business Economics Level 3
17: Types Of Data And Information
Types of Data and Information
18: Introduction To Trends, Forecasts And Patterns
Introduction to Trends, Forecasts And Patterns
19: Moving Average Technique
Moving Average Technique
20: What Is An Index Number
What is an Index Number
☑ Assignment
Assignment Brief V – Diploma in Fundamentals of Business Economics Level 3
☑ Submit Your Assignment
(A) Assignment Submission – Fundamentals of Business Economics Level 3
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