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Diploma in Fundamentals of Macroeconomics at QLS Level 3

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Diploma in Fundamentals of Macroeconomics Level 3

Overview

Macroeconomics is an area of study that deals with the performance, behavior, structure and decision making of an economy as a whole. Knowledge of it is not only vital for economists, as managers, business owners, entreprenuers, business consultants and financial controllers are also directly or indirectly related to the concept and are affected by it. Therefore, this Diploma in Fundamentals of Macroeconomics at QLS Level 3 has been developed to enlighten interested learners on the fundamentals of macroeconomics necessary to carry about their duties.

This course includes compelling learning materials that will show you the importance of inflation, prices, exchange rate, money and banks within an economy. You will also get to learn the definition and components of the Gross Domestic product that is used to assess the health of a country’s economy, along with an insight into the labour market and how it operates.

This comprehensive course has made sure to explore the various macroeconomic models and the growth theory that presents the conditions required for growth to occur. The other modules will also go onto duly discuss about the classical model, Keynesian cross model, IS-LM model, AS-AD model, neo-synthesis model and the mundell-fleming model to further solidify your knowledge on the subject.

The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes. 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 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 Quality Licence Scheme, 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 qualifications. 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.

This course has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course is not regulated by Ofqual and is not an accredited qualification. We will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

*1Training is an approved reselling partner for Quality Licence Scheme courses under Global Edulink

Please Note: This Course is Based on USA Standards

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 skills and training that will give you the opportunity to put into practice your knowledge 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

  • Understand the importance of inflation, prices and exchange rate within an economy
  • Learn the definition and components of the Gross Domestic Product (GDP)
  • Explore the labour market and how it works
  • Understand the essence of money and banks within an economy
  • Discover the macroeconomics models and the growth theory
  • Learn about the classical model, Keynesian cross model, IS-LM model, AS-AD model, neo-synthesis model 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 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

Endorsed by Quality Licence Scheme

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 qualification at level 2 or above in any discipline
  • Individuals aspiring to get into the economics or related industry
  • Economists, business consultants, business owners and entrepreneurs wishing to up their expertise
  • Individuals interested in learning the fundamentals of macroeconomics

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.

Those who successfully complete the course will be issued the Diploma in Fundamentals of Macroeconomics at QLS Level 3 by the Quality Licence Scheme.

Endorsed by

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

Progression and Career path

This certificate will help you in landing a rewarding job role in an industry of your choice. You can also use this certificate to expand your academic activities in the area or to make substantial progress within your career. Below given are some of the jobs this certificate will help you land, along with the average UK salary per annum according to https://www.payscale.com,

  • 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

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 qualification at level 2 or above in any discipline
  • Individuals aspiring to get into the economics or related industry
  • Economists, business consultants, business owners and entrepreneurs wishing to up their expertise
  • Individuals interested in learning the fundamentals of macroeconomics

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.

Those who successfully complete the course will be issued the Diploma in Fundamentals of Macroeconomics at QLS Level 3 by the Quality Licence Scheme.

Endorsed by

The Quality Licence Scheme is part of the Skills and Education Group, a charitable organisation that unites education and skills-orientated organisations that share similar values and objectives. With more than 100 years of collective experience, the Skills and Education Group’s strategic partnerships create opportunities to inform, influence and represent the wider education and skills sector.

The Skills and Education Group also includes two nationally recognised awarding organisations; Skills and Education Group Awards and Skills and Education Group Access. Through our awarding organisations we have developed a reputation for providing high-quality qualifications and assessments for the education and skills sector. We are committed to helping employers, organisations and learners cultivate the relevant skills for learning, skills for employment, and skills for life.

Our knowledge and experience of working within the awarding sector enables us to work with training providers, through the Quality Licence Scheme, to help them develop high-quality courses and/or training programmes for the non-regulated market.

Progression and Career path

This certificate will help you in landing a rewarding job role in an industry of your choice. You can also use this certificate to expand your academic activities in the area or to make substantial progress within your career. Below given are some of the jobs this certificate will help you land, along with the average UK salary per annum according to https://www.payscale.com,

  • 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

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 : 26
1: IMPORTANCE OF PRICES AND INFLATION
Importance of Prices and Inflation
2: IMPORTANCE OF THE EXCHANGE RATE
Importance of the Exchange Rate
3: WHAT IS GROSS DOMESTIC PRODUCT
What is Gross Domestic Product
☑ ASSIGNMENT
Assignment Brief I – Diploma in Fundamentals of Macroeconomics at QLS Level 3
☑ SUBMIT YOUR ASSIGNMENT
(B) Assignment Submission – Diploma in Fundamentals of Macroeconomics at QLS Level 3
4: DEFINITION AND THE COMPONENTS OF GDP
Definition and the Components of GDP
5: UNDERSTAND THE LABOR MARKET
Understand the Labor Market
6: IMPORTANCE OF MONEY AND BANKS
Importance of Money And Banks
☑ ASSIGNMENT
Assignment Brief II – Diploma in Fundamentals of Macroeconomics at QLS Level 3
☑ SUBMIT YOUR ASSIGNMENT
(B) Assignment Submission – Diploma in Fundamentals of Macroeconomics at QLS Level 3
7: HOW INTEREST RATE EFFECTS
How Interest Rate effects
8: UNDERSTAND THE MACROECONOMIC MODELS
Understand the Macroeconomic Models
9: UNDERSTAND THE GROWTH THEORY
Understand the Growth Theory
☑ ASSIGNMENT
Assignment Brief III – Diploma in Fundamentals of Macroeconomics at QLS Level 3
☑ SUBMIT YOUR ASSIGNMENT
(A) Assignment Submission – Diploma in Fundamentals of Macroeconomics at QLS Level 3
10: WHAT IS THE CLASSICAL MODEL
What is the Classical Model
11: UNDERSTAND THE KEYNESIAN CROSS MODE
Understand the Keynesian Cross Mode
12: UNDERSTAND THE IS-LM-MODEL
Understand the Is-Lm-Model
☑ ASSIGNMENT
Assignment Brief IV – Diploma in Fundamentals of Macroeconomics at QLS Level 3
☑ SUBMIT YOUR ASSIGNMENT
(A) Assignment Submission – Diploma in Fundamentals of Macroeconomics at QLS Level 3
13: UNDERSTAND THE AS – AD - MODEL
Understand the As – Ad – Model
14: LEARN COMPLETE KEYNESIAN MODEL
Learn Complete Keynesian Model
15: LEARN THE NEO-CLASSICAL SYNTHESIS
Learn The Neo-Classical Synthesis
16: EXCHANGE RATE DETERMINATION AND THE MUNDELL-FLEMING MODEL
Exchange Rate Determination and the Mundell-Fleming mode
☑ ASSIGNMENT
Assignment Brief V – Diploma in Fundamentals of Macroeconomics at QLS Level 3
☑ SUBMIT YOUR ASSIGNMENT
(A) Assignment Submission – Diploma in Fundamentals of Macroeconomics at QLS Level 3
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