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Diploma in Monetary Policy And Open Economy – Level 3


If you want to learn all about monetary policy, open economy and the relationship with them, then this Diploma in Monetary policy and open Economy – Level 3 might just be the one for you. This course, with its well detailed modules, is ideal for anyone working in economics, accounting, finance or business consultancy, as it not only talks about these two concepts, but also how it affects organisations and businesses. Starting off with an introduction to monetary policy and open economy, this course will teach you on how monetary policy works and its impact on the economy. Open economy is the most common type of economy in the current world. Therefore, this course will discuss about open economy in-depth and how it works, followed by modules that will cover topics such as economic activity, balance of payment, exchange rate, macroeconomic policy and many more. This course is a wonderful opportunity for you to comprehend the state of the economy and how business decisions are impacted by it. The components of macroeconomics such as fixed rates, central bank intervention, etc will also be given due attention through this course, all the while making sure you have a good grip on the fundamentals of money and monetary policy. The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner. The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process. *Study365 is an approved reselling partner for ABC Awards courses under Global Edulink *Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

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Accounting and finance_Finance


Learning Outcomes

  • Have a clear understanding of how monetary policy works and its impact on the economy.
  • Learn how an open economy works.
  • Have a sound understanding of the state of the economy and how business decisions are impacted by it.
  • Understand the fundamentals of money and monetary policy.
  • Learn about fixed rates and central bank intervention.

Course Curriculum

1: Understand The Money And Monetary Policy

2: Importance Of Monetary Policy And Economic Activity

3: Know The Balance Of Payments And The Exchange Rate

4: Understand The Macroeconomic Policy In An Open Economy

5: Learn Fixed Exchange Rates, Central Bank Intervention And Regional Currency Arrangements

6: Introduction Global Financial Instability

7: Understand The Global Capital Flows And Financial Instability

8: The International Monetary System (Ims)

9: Developing Countries Economy And International Institutions

10: End Notes

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Method of Assessment

This online course is assignment-based with learners being assessed upon the submission of a series of assignments. Once you successfully submit the assignments, students will gain a professional qualification. The assignments must be submitted to the instructor through the online learning portal. The assignments will be reviewed and evaluated, with feedback provided to the student on how well they have fared.

Please Note: Additionally, £79 is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 03 installments when you are submitting your assessments.


At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Accredited Body

Accredited body (Accreditation) ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.