Online Economics Courses from the UK

From a few weeks on a short course to several years on a degree. You can find free economics courses that are bite-sized learning that only last a few hours.

Taking an online economics course part-time realistically means you should be planning on the following time frames:

• Short courses- a few weeks to a few months
• Diplomas and certificates- a few months to a year
• Full undergraduate Degrees – 6 or more years
• Complete Master’s Degrees- two or more years.

While economics is closely related to business, it is not a business subject. Economics falls under social sciences in academia. In fact, business uses economics to help with financial decision-making. Macroeconomics and microeconomics, financial markets and interest rates are examples of external economic factors that impact a business’ planning and strategy.

As well as developing a deeper understanding of economic theories and how markets work, taking online courses in economics builds confidence in analytics, numerical and problem-solving skills. These real-world skills are transferable to many career pathways.

When you study economics, you also look at sociology and psychology and factors that can explain why individuals and society behave and make financial decisions.

Yes, it is possible to study courses from economic development to international economics 100% online. There are courses available for experienced professionals looking to strengthen specific areas of their knowledge to general introduction programmes for beginners and full academic qualifications at an advanced level.

There are two main areas of focus in any economics course: Microeconomics, how individual people, groups and businesses allocate their resources and Macroeconomics, how the economy as a whole function.

Areas covered by Microeconomics;

• Economic decision-making and resource allocation
• Supply and demand
• Consumer theory
• Forms of Competition and market structures
• Production and economic profit

Areas covered by Macroeconomics;

• Economic policy
• Monetary policy
• Interest rates
• Foreign exchange rates
• Balance of payments
• Fiscal Policy
• International trade

Calculus and statistics are the two min maths used in economics. If you are interested in taking a course in economics, as you progress, you will need to be confident with some advanced maths. Before you take a university-level course, you should be confident with A-level maths.

The UK has some of the top universities in the world for economics. Studying at one of these institutions will develop a thorough understanding of the knowledge and skills required to impact your career.

Online courses mean that you can benefit from world-leading teaching no matter where you are. Another benefit is that you can find self-paced courses, meaning you can study at your own pace if you have a busy schedule and cannot commit to regular study hours each week.