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Running the Economy, Short Course

  • Application Deadline
  • Unavailable
    Duration
University rank #501 (WUR) Online
This Running the Economy module from The Open University UK responds to the need to understand the problems of running national and global economies in the wake of a major economic crisis. It starts with macroeconomics, looking at how economies work from global and integrated perspectives.

About

It then moves to microeconomics, drilling down into the behaviour of people, firms and governments. This combined analysis allows you to start exploring how policy affects, and is affected by, the economy and its constituent members. Using a simulator, you will apply what you have learned, taking on the role of an economic analyst to make or advise on policy choices.

This Running the Economy module from The Open University UK will be of interest to anyone who wants to, at an introductory level:

  • learn how to think as an economist
  • understand the tools used by economists
  • construct and understand informed opinions about policy choices and the state of economies.

Detailed Programme Facts

  • Programme intensity Part-time
  • Credits
    60 alternative credits
  • Languages
    • English
  • Delivery mode
    Online

Programme Structure

You will begin by developing an understanding of the sources and nature of the economic crisis and the economic theories and policy vehicles for dealing with it. Your journey through the module will tackle key issues including:

  • the economic debates about the role of demand stimulus vs. fiscal constraint as the routes to recovery, monetary policy and the scope for supply side restructuring and growth
  • the challenge of international competition for policy makers in different parts of the globe, including low cost Asian suppliers, problems of European export competitiveness and the sources and location of innovation
  • the problems engendered by global imbalances in balance of payments (deficits and surpluses), credit and debt, rising inequality and the need for ‘rebalancing’ economies.

English Language Requirements

This programme may require students to demonstrate proficiency in English.

Academic Requirements

  • This is an OU level 2 module and you need to have a good knowledge of the subject area, obtained either through OU level 1 study with the OU, or by doing equivalent work at another university.
  • We recommend that you start with our key introductory module Introducing the social sciences (DD102). 
  • This interdisciplinary OU level 1 module, with its integrated teaching of key study skills, provides a firm foundation for OU level 2 study.

Tuition Fee

Funding

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