Applied Economics explores real-world economic principles, market behaviour, policy impacts, and decision-making strategies. Learners gain practical skills to analyse trends, solve business problems, and understand financial outcomes effectively in organisations.
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1 Year Access 
Intermediate 
11 Students 
1 hour, 59 minutes Get access to 5000+ courses including this for only £49. Learn More.
The Applied Economics course provides a comprehensive understanding of economic principles, combining Economic Analysis, Microeconomics, and Macroeconomics to explore real-world financial and business challenges. Learners will develop skills in Market Research, Data Analysis, and Business Economics, enabling them to evaluate economic trends, understand market behaviour, and make informed financial decisions in various professional environments.
This course covers essential topics including Economic Policy, resource allocation, exchange rates, trade barriers, and market failures. Through practical applications of economic theories, learners will gain insight into how governments, businesses, and individuals respond to economic changes. The programme supports better Resource Management and strengthens the ability to analyse complex economic situations effectively.
Designed for aspiring professionals, entrepreneurs, and anyone interested in economics, this course builds a strong foundation in applied economic concepts and decision-making strategies. By exploring different sub-branches of economics, learners will enhance their analytical abilities and apply economic knowledge to business planning, financial strategies, and modern economic challenges.
Learners complete an assignment designed to evaluate their understanding of the course content. The assignment is reviewed by qualified tutors who provide personalised feedback, allowing learners to demonstrate their applied knowledge and skills.
After completing the Applied Economics course assessment, you will be eligible to receive a CPD-accredited certificate worth £9 from One Education to demonstrate your achievement.
The certificate is also available as a printed hard copy delivered by post for £15.
Applied Economics introduces learners to the practical application of economic theories and principles in real-world decision-making. This course explores economic analysis, market research, microeconomics, macroeconomics, economic policy, resource management, and data analysis to understand how businesses, governments, and individuals respond to economic challenges.
Studying Applied Economics develops analytical thinking, financial decision-making skills, and an understanding of business economics. The course supports learners in applying economic concepts to market trends, organisational strategies, and policy decisions while building valuable knowledge for careers in finance, business, research, management, and related fields.
The Applied Economics course has a total study time of 1 hour, 59 minutes. This comprehensive programme is designed for flexible learning, allowing learners to progress at their own pace while exploring applied economics concepts, including economic analysis, market research, microeconomics, macroeconomics, economic policy, financial decisions, resource management, data analysis, business economics, and real-world economic applications.
The Applied Economics course requirements are simple and suitable for beginners. Learners should have a basic understanding of mathematics and general business concepts, an interest in economic analysis, markets, financial decisions, and resource management, and a willingness to explore microeconomics, macroeconomics, and data-driven economic principles. Access to an internet-enabled device and commitment to regular study are recommended for effective learning and successful course completion.
This course explores the practical application of economic principles, covering economic analysis, market research, microeconomics, macroeconomics, economic policy, financial decisions, resource management, data analysis, and business economics concepts.
No. It is suitable for beginners, students, business professionals, entrepreneurs, and anyone interested in understanding how economics influences markets, organisations, and everyday financial decisions.
The course is delivered online, allowing you to learn at your own pace and develop practical knowledge of economic concepts and real-world applications.
Yes. Economic analysis activities, case studies, market research tasks, data interpretation exercises, practical examples, and quizzes may be included to reinforce learning.
You will receive a certificate of completion after successfully finishing the course.
This course supports career development in business analysis, finance, economics, market research, management, policy support, consulting, entrepreneurship, and roles requiring strong analytical and decision-making skills.
| Module 01: General Concepts and Microeconomics | |||
| Definition of ‘Economy’ and ‘Economics’ | 00:04:00 | ||
| Economics – Theoretical Foundations | 00:01:00 | ||
| Macro and Microeconomics | 00:01:00 | ||
| Microeconomics / Demand and Supply Analysis | 00:03:00 | ||
| The Law and Time of Supply | 00:01:00 | ||
| Equilibrium | 00:01:00 | ||
| Disequilibrium | 00:02:00 | ||
| Elasticity and Market Efficiency | 00:02:00 | ||
| Elasticity | 00:03:00 | ||
| Factors Affecting Demand Elasticity | 00:02:00 | ||
| Total and Marginal Revenue | 00:03:00 | ||
| Market Structure / Competitive Market | 00:03:00 | ||
| Monopoly | 00:05:00 | ||
| Monopoly and Efficient and Monopolistic Competition | 00:03:00 | ||
| Oligopoly and Monopoly | 00:05:00 | ||
| Monopsony in the Real World | 00:01:00 | ||
| Module 02: Macroeconomics | |||
| Macroeconomics vs Microeconomics | 00:03:00 | ||
| Aggregated Demand and Supply, and GDP | 00:03:00 | ||
| Gross Domestic Product (GDP) | 00:03:00 | ||
| Economic Growth | 00:02:00 | ||
| Employment and Inflation | 00:03:00 | ||
| Full Employment and Underemployment | 00:03:00 | ||
| Natural Rate of Unemployment | 00:03:00 | ||
| Inflation | 00:03:00 | ||
| Deflation | 00:03:00 | ||
| Module 03: Economic Policies and Natural Market Failure | |||
| Economic Policies | 00:03:00 | ||
| The Transition of Monetary Policy to the Economy | 00:03:00 | ||
| The Relationship between the Bank and the Government | 00:02:00 | ||
| Fiscal Policy | 00:01:00 | ||
| The Basics of Fiscal Policy | 00:05:00 | ||
| What does Fiscal Policy Affect? | 00:01:00 | ||
| Source of Market Failure | 00:03:00 | ||
| Externalities | 00:02:00 | ||
| Structural Market Failure | 00:02:00 | ||
| Information Asymmetry | 00:03:00 | ||
| Module 04: Exchange Rates and Trade Barriers | |||
| Exchange Rate and Trade Barriers | 00:03:00 | ||
| Interest Rates | 00:02:00 | ||
| Components of Interest Rates | 00:03:00 | ||
| Trade Barriers | 00:02:00 | ||
| Tariffs | 00:02:00 | ||
| Taxation | 00:03:00 | ||
| Deadweight Loss | 00:01:00 | ||
| Module 05: Sub-Branches of Economics | |||
| Financial Economics | 00:02:00 | ||
| International Economics | 00:02:00 | ||
| Transaction Cost | 00:03:00 | ||
| Labour Economics | 00:02:00 | ||
| Environmental Economics | 00:02:00 | ||
| Energy Economics | 00:01:00 | ||
| Assignment | |||
| Assignment -Applied Economics | 00:00:00 | ||
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