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Economics (V13)

Open University

UCAS Code: Not applicable | Diploma

Entry requirements


Sorry, no information to show

About this course


Course option

2.0years

Distance learning | 2022

Subject

Economics

In this diploma you’ll explore contemporary socio-economics issues by learning to apply economic theories and techniques to real world situations. You'll learn to use specialised software to apply statistical concepts to economic data and carry out your own research project. The analytical skills you'll learn are greatly valued by employers.
This diploma is ideally suited to a graduate in any discipline and can be completed in as little as two years. You’ll have evidence of a systematic study of economics without having to complete a full degree. If you wish to gain an economics degree later, you may be able to count the credit gained from this diploma.

**Key features of the course**

- Gain a good basic knowledge of economic theory and an understanding of economic issues.

- Analyse some of the most compelling challenges facing us today, such as inequality and unemployment, and issues facing business.

- Engage in economic debate, assess qualitative and quantitative evidence and its usefulness in relation to economic theories.

- Learn to analyse economics data using statistical techniques.

Modules

This diploma has one stage comprising 120 credits. You’ll be introduced to economics as a discipline and learn core economic theories and techniques. These will be applicable to studying the economy as a whole (macroeconomics) and for individual economic agents, such as firms and households (microeconomics). You’ll also learn the key concepts and techniques used in the analysis of economic data.
In the second module you’ll study economic theories and techniques in more depth. You’ll also be introduced to econometrics, the statistical analysis of economic data, and learn about various research methods that you can use in a small research project on a topic of your choice.

The Uni


Course location:

Distance Learning

Department:

The Open University

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What students say


We've crunched the numbers to see if overall student satisfaction here is high, medium or low compared to students studying this subject(s) at other universities.

85%
high
Economics

How do students rate their degree experience?

The stats below relate to the general subject area/s at this university, not this specific course. We show this where there isn’t enough data about the course, or where this is the most detailed info available to us.

Economics

Teaching and learning

78%
Staff make the subject interesting
80%
Staff are good at explaining things
82%
Ideas and concepts are explored in-depth
67%
Opportunities to apply what I've learned

Assessment and feedback

Feedback on work has been timely
Feedback on work has been helpful
Staff are contactable when needed
Good advice available when making study choices

Resources and organisation

82%
Library resources
76%
IT resources
82%
Course specific equipment and facilities
87%
Course is well organised and has run smoothly

Student voice

Staff value students' opinions
Feel part of a community on my course

After graduation


We don't have more detailed stats to show you in relation to this subject area at this university but read about typical employment outcomes and prospects for graduates of this subject below.

What about your long term prospects?

Looking further ahead, below is a rough guide for what graduates went on to earn.

Economics

The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.

£33k

£33k

£35k

£35k

£43k

£43k

Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.

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This is what the university has told Ucas about the criteria they expect applicants to satisfy; some may be compulsory, others may be preferable.

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This is the percentage of applicants to this course who received an offer last year, through Ucas.

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This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Course location and department:

This is what the university has told Ucas about the course. Use it to get a quick idea about what makes it unique compared to similar courses, elsewhere.

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Teaching Excellence Framework (TEF):

We've received this information from the Department for Education, via Ucas. This is how the university as a whole has been rated for its quality of teaching: gold silver or bronze. Note, not all universities have taken part in the TEF.

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This information comes from the National Student Survey, an annual student survey of final-year students. You can use this to see how satisfied students studying this subject area at this university, are (not the individual course).

This is the percentage of final-year students at this university who were "definitely" or "mostly" satisfied with their course. We've analysed this figure against other universities so you can see whether this is high, medium or low.

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This information is from the Higher Education Statistics Agency (HESA), for undergraduate students only.

You can use this to get an idea of who you might share a lecture with and how they progressed in this subject, here. It's also worth comparing typical A-level subjects and grades students achieved with the current course entry requirements; similarities or differences here could indicate how flexible (or not) a university might be.

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Post-six month graduation stats:

This is from the Destinations of Leavers from Higher Education Survey, based on responses from graduates who studied the same subject area here.

It offers a snapshot of what grads went on to do six months later, what they were earning on average, and whether they felt their degree helped them obtain a 'graduate role'. We calculate a mean rating to indicate if this is high, medium or low compared to other universities.

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Graduate field commentary:

The Higher Education Careers Services Unit have provided some further context for all graduates in this subject area, including details that numbers alone might not show

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The Longitudinal Educational Outcomes dataset combines HRMC earnings data with student records from the Higher Education Statistics Agency.

While there are lots of factors at play when it comes to your future earnings, use this as a rough timeline of what graduates in this subject area were earning on average one, three and five years later. Can you see a steady increase in salary, or did grads need some experience under their belt before seeing a nice bump up in their pay packet?

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