OFQUAL Level 2

International Economics

This qualification is designed to provide students with a thorough understanding of the principles of economics, including micro and macroeconomic theories, and their applications in real-world contexts.

Qualification Details

OFQUAL ID 603/4162/2

Level Level 2

Total Credits

Guided Learning 147

Total Qual Time 440

Awarding Body ProQual Awarding Body

Sector Building and construction

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Learning Objective

What You'll Learn

To enable the learner to explain the fundamental theories and reasons for international trade, including comparative advantage.
To enable the learner to identify and discuss the general economic effects of international trade on various stakeholders.
To enable the learner to analyse the economic impact of trade barriers, such as tariffs and quotas, on national and international markets.
To enable the learner to discuss the benefits and drawbacks of globalisation for national economies and societies.
To enable the learner to assess the role and effectiveness of international organisations in shaping global economic policy and fostering integration.

Learning Outcomes

Understand the reasons for and effects of international trade.
Evaluate the effects of globalisation on national economies.

Assessment Methods

Portfolio of Evidence

Units & Credit Structure

This unit covers the principles of international trade, exchange rates, and the impact of global economic integration.