You are viewing information for England.  Change country.
Favela in South America

Diploma of Higher Education in Economics

This diploma will introduce you to core economic concepts and theories and you'll learn how economics helps your understanding of real world issues such as government policy, international trade, business decisions, work and innovation. You will also gain valuable analytical skills, including applied data analysis, which are valuable to employers.

Key features of the course

  • Analyse key real-world topics about society, such as employment, markets and businesses, finance, new technology and government policy.
  • Study and apply statistical methods to real economic problems using specialised software.
  • Develop analytical and research skills that are valued by employers.
A nationally recognised qualification in its own right, this diploma of higher education is also equivalent to the first two thirds of the BA (Honours) Economics (R30). Please note that full time study is not currently available whilst the new modules are in production. 

Course Summary

+Shortlist Course

Diploma

Diploma

  • Widely-recognised qualification.
  • Equivalent to the first two thirds of an honours degree.
  • Enhance your professional and technical skills or extend your knowledge and understanding of a subject.
  • Study for interest or career development.
  • Top up to a full honours degree in just two years.

This type of course may be of particular interest if you’re living or working in Scotland.

Course code
W71
Credits

Credits

  • Credits measure the student workload required for the successful completion of a module or qualification.
  • One credit represents about 10 hours of study over the duration of the course.
  • You are awarded credits after you have successfully completed a module.
  • For example, if you study a 60-credit module and successfully pass it, you will be awarded 60 credits.
240
How long it takes
Part time – 4 years
Full time – N/A
Time limit – 12 years
Study method
Distance learning

Course details

This diploma has two stages, each comprising 120 credits.

  • Stage 1 will give you the necessary grounding in economics, personal finance, statistics and mathematics.
  • Next at Stage 2, you'll cover the core theories and methods in economics and applied statistics.

Optional Access module – visit Am I ready? to find out about starting this course with a preparatory Access module.

Stage 1 (120 credits)

At Stage 1, you will be introduced to economic, mathematical and statistical methods and theories that will provide you with a solid grounding for study at Stage 2. Various approaches to economics will be taught in a historical context and with a specific focus on managing your personal finances.

Stage 2 (120 credits)

At Stage 2, you will explore contemporary economics issues and theories, apply statistical concepts to a variety of situations using specialised software, and find out more about the application of economics to financial issues. 
ModulesCredits
You'll study all three of the following:
Running the economy (DD209)60
Analysing data (M248)30

Economics for professionals (DD226) – planned for October 2020 

30

We regularly review our curriculum; therefore, the qualification described on this page – including its availability, its structure, and available modules – may change over time. If we make changes to this qualification, we’ll update this page as soon as possible. Once you’ve registered or are studying this qualification, where practicable, we’ll inform you in good time of any upcoming changes. If you’d like to know more about the circumstances in which the University might make changes to the curriculum, see our Academic Regulations or contact us. This description was last updated on 14 September 2018.


Accessibility

We make all our qualifications as accessible as possible and have a comprehensive range of services to support all our students. The Diploma of Higher Education in Economics uses a variety of study materials and has the following elements:

  • studying a mixture of printed and online material. Online learning resources may include websites, audio/video media clips, and interactive activities such as online quizzes.
  • using mathematical and scientific expressions, notations and associated techniques
  • working in a group with other students
  • using and/or producing diagrams and/or screenshots
  • using specialist software (for example to analyse economic data)
  • finding external/third party material online.

For more detailed information, see the Accessibility Statements on individual module descriptions. If you feel you may need additional support with any of the elements above, visit our Disability support website to find more about what we offer. Please contact us as soon as possible to discuss your individual requirements, so we can put arrangements in place before you start.


Learning outcomes, teaching and assessment

This qualification develops your learning in four main areas:
  • Knowledge and understanding
  • Cognitive skills
  • Practical and professional skills
  • Key skills

The level and depth of your learning gradually increases as you work through the qualification. You’ll be supported throughout by the OU’s unique style of teaching and assessment – which includes a personal tutor to guide and comment on your work; top quality course texts; e-learning resources like podcasts, interactive media and online materials; tutorial groups and community forums.

Read the detailed learning outcomes here

Credit transfer

If you’ve already completed some study at another university, you may be able to count it towards your Open University qualification – reducing the number of modules you need to study.

You should apply for credit transfer before you register, at least 4 weeks before the registration closing date. Just tell us what you studied, where and when, and we’ll compare this against the learning outcomes for your chosen course.

For more details and an application form, visit our Credit Transfer website.


On completion

On completion of this undergraduate course, we'll award you the Diploma of Higher Education in Economics.

Regulations

As a student of The Open University, you should be aware of the content of the qualification-specific regulations below and the academic regulations that are available on our Student Policies and Regulations website. 


Compare this course

Entry requirements

There are no formal entry requirements for this qualification.

It is important that you are well prepared to study mathematics at this level. So, before you register for this qualification, it is essential to check that you have the appropriate mathematical skills to study Discovering mathematics (MU123).

Take a look at our Maths Help study resources to brush up your mathematical skills in preparation for our self-assessed quiz. If you can answer most of the questions, or could do them with a quick reminder (because the topic is familiar to you but you can’t quite remember the details), then you are ready.

How much time do I need?

  • Most of our students study part time, completing 60 credits a year.
  • This will usually mean studying for 16–18 hours a week.
Find out if you have enough time to study with our time planner

Counting previous study

You could save time and money by reducing the number of modules you need to study towards this qualification if you have:

  • already studied at university level (even if you didn't finish your studies)
  • other professional or vocational qualifications such as HNCs and HNDs.

Find out more about credit transfer

Preparing for study with an Access module

If your study skills are a bit rusty or you want to try out Open University study before committing yourself, don’t worry! The OU offers Access modules designed to introduce the subject area, build your confidence and prepare you for further study, and you may be eligible to study an Access module for free! You'll get:

  • a personal tutor providing regular feedback with one to one telephone tutorials
  • support from a dedicated team throughout your study
  • detailed written feedback.
For this qualification we recommend:

People, work and society Access module

What you will study

This multidisciplinary module provides an excellent introduction to a wide range of subject areas, including childhood and youth studies, social science, psychology, health, business and law.

View full details of People, work and society Access module

Science, technology and maths Access module

What you will study

This multidisciplinary module is an ideal starting point if you have little or no previous knowledge of the sciences, technology and mathematics, and would like to develop both your subject knowledge and your study skills. The subjects included are science, engineering and design, environment, mathematics, and computing and IT.

View full details of Science, technology and maths Access module

Your next step

Call us on +44 (0)1908 659253 or book a call back. Our friendly team of advisers will discuss your study options with you, and help you decide on the best starting point for you.

In this section:
How much will it cost?
Ways to pay for your qualification and other support

How much will it cost in England?

We believe cost shouldn’t be a barrier to achieving your potential. That’s why we work hard to keep the cost of study as low as possible and have a wide range of flexible ways to pay to help spread, or even reduce, the cost.

  • Fees are paid on a module-by-module basis – you won't have to pay for the whole of your qualification up front.
  • A qualification comprises a series of modules, each with an individual fee. Added together, they give you the total cost.
  • If, like most OU students, you study part time at a rate of 60 credits a year, you'll take six years to complete an honours degree.
  • Our current fee for 60 credits is £2,928*.
  • Our current fee for 120 credits – which is equivalent to a year's full-time study – is £5,856*.
  • At current prices, the total cost of your qualification would be £11,712*.
  • .

*The fee information provided here is valid for modules starting before 31 July 2019. Fees normally increase annually in line with inflation and the University's strategic approach to fees.

Additional costs

Study costs

There may be extra costs on top of the tuition fee, such as a laptop, travel to tutorials, set books and internet access.

If you're on a low income you might be eligible for help with some of these costs after you start studying.


Skills for career development

This diploma will equip you with the knowledge and skills in economics and statistics that are relevant for a range of jobs. You’ll learn how to use statistical methods and software to analyse economic data; how to construct basic economic arguments using concepts, theories, models and evidence; how to think analytically; and how to work collaboratively. These highly transferable skills are in great demand in the workplace, and are relevant to a great variety of situations – whether you’re already working, volunteering or changing career.

Career relevance

With this qualification you'll be able to successfully apply your knowledge and skills in various jobs in government, business, accountancy, banking, economics, data analysis, financial analysis, insurance, management and administration, consultancy, the voluntary sector and teaching.

Exploring your options

Once you register with us (and for up to three years after you finish your studies), you’ll have full access to our careers service for a wide range of information and advice – including online forums, website, interview simulation, vacancy service as well as the option to email or speak to a careers adviser. Some areas of the careers service website are available for you to see now, including help with looking for and applying for jobs. You can also read more general information about how OU study enhances your career.

In the meantime if you want to do some research around this qualification and where it might take you, we’ve put together a list of relevant job titles as a starting point (note that some careers may require further study, training and/or work experience):

  • management consultant
  • banker
  • data analyst
  • accountant
  • financial analyst
  • marketing manager
  • manager
  • teacher.

Want to see more jobs? Use the career explorer for job ideas from the National Careers Service, Prospects and Plan IT


Register for this course

Start dates
Credit transfer: apply by 06/12/2018

Request your Social Sciences prospectus

Our prospectuses help you choose your course, understand what it's like to be an OU student and register for study.

Request prospectus