Making Sense of the Economy - Silver
Issued by
Cranfield University
This Silver module on Making Sense of the Economy is the second of three levels, that provide learning up to Masters level. This Silver module explores how governments seek to manage a range of macroeconomic issues associated with government financing, inflation, unemployment, and international trade. It reviews the impact of fluctuations in economic activity giving rise to the so-called business cycles and explores the causes of economic growth and the implications for economic policy.
- Type Learning
- Level Intermediate
- Time Hours
- Cost Paid
Skills
- Analyse and evaluate the role and consequences of government deficit financing policy on individuals and the economy.
- Analyse the economic and social consequences of unemployment and the policy implications.
- Critically analyse economic growth theories and evaluate the implications for government policy.
- Critically analyse the causes of business cycles and the policy options available to governments with respect to the stabilisation of the cycles.
- Evaluate how governments attempt to correct international trade imbalances.
- Evaluate the consequences and cures for inflation and the link with unemployment.
Earning Criteria
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Learners complete activities for each of the skills described. To gain the Silver badge learners complete all content and then submit their reflections on what advice they would offer a government that is currently experiencing a deep recession and inflationary pressures. They outline solutions for managing inflation and creating sustainable growth opportunities