Accredited Level 3 Economics Diploma Entry Requirement
Entry to this Accredited Level 3 Economics Diploma requires that potential students have gained GCSE/IGCSE or equivalent qualifications and have, good English oral, reading and writing skills.
Advice on enrolment and guidance of prior learning (APL) can be obtained through out contact centre. The course is a rolling programme and can be started at any point in the year. Successful students can go on to Higher Education, including remaining as students at OLC to complete courses in our portfolio of higher awards.
All students must be aged 16 or over.
The coursework is assessed through continuous assessment with no formal exit examinations.
Approximately: 200 hours of personal study time for the entire course is recommended. All of which is supported by the OLC Course Tutor, who we greatly encourage students to access support from throughout their course.
This course has been developed by the College’s professional team of tutors to meet the needs of sector based employers and employees. It is also part of the College’s validated level three Diplomas’, recognised internationally, as verified and moderated Centre for Interactive Education (CIE Global). Further details of our accreditations are provided on our website.
Accredited Level 3 Economics Diploma Course Length
Accredited Level 3 Economics Diploma Course Content
The course consists of the following ten modules
Accredited Level 3 Economics Diploma Module 1
The Economic Problem and the Production Possibility Frontier / Demand and Supply Analysis. This deals with why everybody wants to receive more and pay less and how that conundrum can be addressed.
Accredited Level 3 Economics Diploma Module 2
Market Failure / Government Intervention and Government Failure. What happens when a market collapses? Interestingly I am writing this text on the anniversary of the 1929 Wall Street Crash! What have we learnt since 29 October 1929?
Accredited Level 3 Economics Diploma Module 3
Introducing Macroeconomics and Measuring the Economy. Macro Economics is dealing with the large issues of economics.
Accredited Level 3 Economics Diploma Module 4
Aggregate Demand and Aggregate Supply. When does supply = demand? What happens when it does not?
Accredited Level 3 Economics Diploma Module 5
Economic Growth. Is growth always a good thing? What is growth? Are there more important priorities?
Accredited Level 3 Economics Diploma Module 6
Government Intervention and Constraints. How free is a free market? Should a free market system allow companies to fail?
Accredited Level 3 Economics Diploma Module 7
The Firm, Objectives, Growth, Revenue and Costs / Firms and the Market. What is a firm? How do they operate?
Accredited Level 3 Economics Diploma Module 8
Competition / Government Intervention. Is a company ever too large, too important or too strategic to be allowed to fail? Is it more important to produce food than any other commodity? If so is it a duty of a government to compel people to produce food or to subsidise food production?
Accredited Level 3 Economics Diploma Module 9
Globalisation and Patterns of Trade / How International Trade is Recorded and Financed. The new dimension to trade which has developed as a result of the globalisation of world trade. What challenges are posed by having the whole world as your market?
Accredited Level 3 Economics Diploma Module 10
Growth and Development / The Role of Government. Again is it part of the role of a government to ensure that the economy of the nation grows and continues to grow? Who are the winners, and whom the losers from such growth?
You can also contact your tutor if you feel you need more practice in any of the topics covered in this course.
This Accredited Level 3 Economics Diploma can be used to gain entry to a Level 4 Diploma or higher.