Making Sense of the Economy - Bronze
Issued by
Cranfield University
This foundational module on Making Sense of the Economy is the first of three levels, that provide learning up to Masters level. It introduces key concepts that explain how an economy works and what policies are available to governments to manage an economy based on the objectives they are trying to achieve.
- Type Learning
- Level Foundational
- Time Hours
- Cost Paid
Skills
- Analyse the drivers of economic activity and growth in a national economy
- Analyse the policy tools used by governments and central banks including fiscal, monetary, supply-side, international trade and exchange rate policies.
- Debate the potential for trade-offs with respect to economic objectives and economic management;
- Evaluate the importance of macroeconomic data and economic forecasts of relevance to public and private sector managers;
Earning Criteria
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Learners complete activities for each of the skills described. To gain the Bronze badge learners complete all content and then research the key indicators for a national economy. Based on their analysis they submit a report for their organisation's management to help them plan for the economic outlook.