Average Completion Time
1 MonthAccreditation
5 CPD HoursLevel
AdvancedStart Time
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Advanced Professional Certificate Courses
These are short online certificate courses of a more advanced nature designed to help you develop professionally and achieve your career goals, while you earn a professional certificate which qualifies you for the appropriate continuous professional development (CPD).
Advanced Professional Certificate in Economic Theory and Policy
This course offers a comprehensive exploration of economic theory and policy, tracing its development from classical economists like Adam Smith to modern perspectives like Keynesian Economics and Monetarism.Accreditation
All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.Entry Requirements
There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.
- Economic Policy Analyst
- Financial Economist
- Economic Strategist
- Policy Advisor
- Economic Researcher
- Market Analyst
- Central Bank Economist
- Economic Development Specialist
Course Modules
Dive into the intricate realm of economic theory and policy, from classical to modern schools of thought, and gain the analytical tools to navigate complex economic landscapes.
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Course Structure and Assessment Guidelines
Watch this video to gain further insight.
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Navigating the MSBM Study Portal
Watch this video to gain further insight.
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Interacting with Lectures/Learning Components
Watch this video to gain further insight.
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Introduction to Economic Theories and Models
Self-paced pre-recorded learning content on this topic.
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Keynesian Economics and Monetarism
Self-paced pre-recorded learning content on this topic.
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Microeconomic Theories
Self-paced pre-recorded learning content on this topic.
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Macroeconomic Growth Theories
Self-paced pre-recorded learning content on this topic.
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Economic Theory and Policy
Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct.
This course offers a deep dive into the diverse landscape of economic theory and policy, covering a range of topics from classical economics to contemporary growth theories. Participants will explore the foundational concepts of classical economics, the nuances of marginal analysis, utility maximization, and the evolution of neoclassical theories in response to economic crises.
After the successful completion of this course, you will be able to:
Introduction to Economic Theories and Models
- Understand that how economic theories have developed over time .
- Obtain understanding of the theoretical foundations of classical economics, which can be traced back to individuals such as Adam Smith and David Ricardo.
- Examine Alfred Marshall's contributions and the significance of marginal analysis and utility maximization.
- Get an understanding of how neoclassical theories were altered in response to great depression in the economy.
- Examine the environment in which neoclassical created the theories, highlighting the concepts of marginal utility analysis.
Keynesian Economics and Monetarism
- Understand that how economic theories have developed over time .
- Examine the environment in which Keynes created his theories, highlighting the need of countercyclical policies, aggregate demand, and the opposition to laissez-faire methods.
- Gain a thorough understanding of the Quantity Theory of Money, which posits a direct relationship between the money supply, prices, and economic output.
- Know how changes in the money supply can affect aggregate demand and supply.
- Understand the Monetarist interpretation of the Phillips Curve, which casts doubt on the idea of a steady short-term trade-off between unemployment and inflation.
Microeconomics Theory
- Know about indifference curve which explains that how consumers make decisions based on their preferences for various combinations of products and services.
- Learn about the prerequisites needed for a competitive equilibrium in a broad economic system to exist and be optimal.
- Understand the four types of market structures and their characteristics.
- Learn how game theory is used to examine the strategic interactions and decision making processes among businesses operating in oligopolistic markets.
Macroeconomics Growth Theory
- Know what is meant by macroeconomics
- Understand how economic growth is measured and what is the difference between real and nominal GDP.
- Know how central bank uses monetary policy to achieve the objectives of price stability, full employment and sustained economic growth.
- Learn the evolution of growth theories from classical growth theories to neoclassical growth theories and then New growth theory.
Dive into the intricate realm of economic theory and policy, from classical to modern schools of thought, and gain the analytical tools to navigate complex economic landscapes.
-
Course Structure and Assessment Guidelines
Watch this video to gain further insight.
-
Navigating the MSBM Study Portal
Watch this video to gain further insight.
-
Interacting with Lectures/Learning Components
Watch this video to gain further insight.
-
Introduction to Economic Theories and Models
Self-paced pre-recorded learning content on this topic.
-
Keynesian Economics and Monetarism
Self-paced pre-recorded learning content on this topic.
-
Microeconomic Theories
Self-paced pre-recorded learning content on this topic.
-
Macroeconomic Growth Theories
Self-paced pre-recorded learning content on this topic.
-
Economic Theory and Policy
Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct.
The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.
- Economic Policy Analyst
- Financial Economist
- Economic Strategist
- Policy Advisor
- Economic Researcher
- Market Analyst
- Central Bank Economist
- Economic Development Specialist
Single Course Purchase
(Buy Lifetime Access)What you will get:
- Access to this course.
- Access to library.
Entrepreneurs or Working Professionals
What you will get:
- Access to this course.
- Access to additional courses.
- Access to library.
- Digital certificates.
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Why MSBM?
Learn at your pace
Self-study online courses are available 24/7 so you can learn at your pace. This approach offers students who choose distance learning the flexibility to combine studies with work or other commitments.
Exclusive study groups
Our learners may be paired into study groups to help them keep tabs on group assignments and projects.
Identity verification
Our certificates and ID cards are verifiable and are strong proof of learnership.
Accredited Courses
Our programmes are fully accredited by relevant awarding bodies all over the world.
A community of true professionals
You’ll be able to connect with other learners throughout your learning journey.
Unlimited Tutor Support
Our learners get unlimited support from our academic team.
Why MSBM?
Learn at your pace
Self-study online courses are available 24/7 so you can learn at your pace. This approach offers students who choose distance learning the flexibility to combine studies with work or other commitments.
Exclusive study groups
Our learners may be paired into study groups to help them keep tabs on group assignments and projects.
Identity verification
Our certificates and ID cards are verifiable and are strong proof of learnership.
Accredited Courses
Our programmes are fully accredited by relevant awarding bodies all over the world.
A community of true professionals
You’ll be able to connect with other learners throughout your learning journey.
Unlimited Tutor Support
Our learners get unlimited support from our academic team.
Earn certificates to add to your LinkedIn profile.
Upskill, reskill or pursue a passion with short courses across every subject, whether you’re a beginner or already an expert.
Learn fast
Online courses with compact learning chapters enable you to learn business skills faster than ever.Study Online
Get access to online study materials. All courses are 100% online and self-paced.Global community
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