(Oxford) Master Diploma : Economics (Includes Macro/Micro)

• This is the ONLY Udemy course to offer the Oxford Diploma for Economics
• Global Economics - but explained in a way relevant to all
• Davos and Globalisation
• Focusing on individual countries (eg. USA, UK, Norway, Saudi Arabia, Bulgaria, India, Italy, South Africa)
• Analysis of global topics including climate change, peak oil theory, economic growth, economics of veganism
• 25 workbooks including COVID-19 impact: learn through discussion also the Indian economy
• Analysis of pro-Brexit economic arguments
• Workbooks/lectures on: USA, India, UK, Australia
• The economic legacy of Theresa May (UK Prime Minister)
• The EU Elections
• Economics and decluttering
• The USA Economy as at April 2023
• A seven day course in Business Economics English
• Climate change and Economics
• Understand the basics of micro and macro Economics
• Trump circa 2024
• Textbooks are included!
• 2024 March Budget
• Includes a 12 week course in Case Studies
• Includes 'Thinking like an Economist'

It's really just one question - the answer to which that shows how this is course is different to all others in this section on Udemy.

Do you want to enrol in a course where lectures are constantly added to, students' work is discussed in the Q/A, participation is encouraged and there is a high level of Instructor involvement?

If so - then enrol.

AI summarised the reviews from the last 3 months:

"Learners appreciate the course's clear, unbiased presentation of economics focused on real-world events rather than ideological perspectives. The instructor's well-prepared, thoughtful teaching style, including engaging exercises and useful readings, supports a refreshing and stimulating learning experience that encourages independent research and reflection."

What is the best way to learn Economics when studying on Udemy?

Through a combination of videos, discussions, and other interactive elements is often considered the best way to learn online. This multifaceted approach leverages the strengths of different formats to enhance engagement and understanding. On this course there are:

Hundreds and hundreds of lectures; These lectures are regularly updated; Regular Educational Announcements ; Manuals Scores of Case Studies; Quizzes; Multiple-choice lectures; A considerable amount of research homework set and an encouragement to share and discuss in the Q/A

It is this last category - the Q/A - that is so important .

Whatever courses in any subject you are on elsewhere, go look at the Q/A. How active is it?

Here there are 8,000+ posts. Students interact, share ideas, suggestions, discussions and approach a variety of exercises, case studies, manuals and discussion questions.

They learn by DOING.

They learn by researching and monitoring.

They learn even more by SHARING

And even more when their answers are challenged or further analysis is required.

All of this takes time: your time and the Instructor's.

So if you enrol: prepare to work and you will learn and learn and learn.

Now to the actual content.

Update Late January 2026 - new topics added:

1. Trade balance (goods vs services)

2. Current account vs bilateral deficit narratives

3. Gains from trade and interdependence

4. Tariffs: incidence, pass-through, deadweight loss

5. Retaliation and trade war dynamics

6. Elasticity of demand/supply; substitution effects

7. Trade diversion and third-country substitution

8. Exchange rates and competitiveness

9. Inflation transmission from trade policy

10. Policy uncertainty and investment effects

11. Climate externalities and market failure

12. Physical climate risk vs transition risk

13. Climate risk pricing and risk premia

14. Cost of capital and sovereign borrowing spreads

15. Insurance market withdrawal / uninsurability

16. Risk pooling limits and correlated shocks

17. Regulation/standards as risk reduction

18. Adaptation investment and resilience finance

19. Energy market design (energy-only vs capacity)

20. Reliability as a system constraint

21. Capacity adequacy and reserve margins

22. Dispatchable generation and flexibility

23. Grid transmission/distribution bottlenecks

24. Storage economics and demand response

25. Peak demand, load growth, load duration curves

26. Option value of reliability resources

27. AI/data-centre electricity demand as a driver

28. General-purpose technologies (GPTs) and diffusion

29. Complementary investments (skills, data, processes)

30. Adoption S-curves and productivity lags

31. Measurement/realization of productivity gains

32. Capital deepening vs TFP growth

33. Automation vs augmentation (substitutes vs complements)

34. Skill-biased technological change

35. Job polarization and entry-level displacement

36. Bargaining power (labour vs capital)

37. Labour share vs capital share of income

38. Competition policy and rent concentration

39. “Jobless growth”

40. Social legitimacy (“social permission”) of technology

41. Welfare states, safety nets, and adjustment costs

42. Education and reskilling policy

43. Economic statecraft and coercive diplomacy

44. Credible threats, deterrence, commitment problems

45. Signalling, reputation, and strategic interaction

46. Sanctions/retaliation risk and market reactions

47. Structured finance and contract design

48. Sukuk structures and asset-backing

49. Risk allocation and cash-flow waterfalls

50. Information asymmetry, certification, and standards

51. Liquidity, investor base diversification

52. Agglomeration economies and clusters

53. FDI attraction and place-based industrial policy

54. Spillovers (knowledge, suppliers, networks)

55. Human capital pipelines and skill ecosystems

56. Infrastructure as a complement to investment

57. Institutions and political legitimacy

58. Collective action and protest dynamics

59. State capacity and enforcement costs

60. Credibility of reform and path dependence

61. Political economy of ideology vs material incentives

Update January 2026:

New lectures and Case Studies added.

In an age where artificial intelligence promises unprecedented efficiency and assistance, the question arises: what becomes of humanity’s ability to think deeply, critically, and consciously? Across sectors—be it governance, education, labour, or technology—there is a growing tension between the allure of convenience and the imperative of maintaining human judgment. These case studies explore the philosophical and economic challenges posed by AI, emphasizing the need for conscious thought as the cornerstone of innovation, freedom, and progress.

Case Study Summaries

1. The Erosion of Critical Thinking in the AI Economy:
   Explores how AI’s automation of decision-making risks diminishing critical thought, urging policies that prioritize education and intellectual empowerment to sustain long-term economic growth.

2. The Paradox of AI Assistance and Human Autonomy:
   Examines the tension between AI’s efficiency and its potential to foster dependency, advocating for conscious policies that elevate human agency alongside technological progress.

3. Inequality and Power in an AI-Driven World:
   Highlights the risk of AI concentrating power in the hands of a few, stressing the need for deliberate thought and action to address systemic inequities and preserve democratic participation.

4. Education as the Battleground for Human Reason:
   Focuses on the role of education in cultivating critical thinking and ethical reasoning, urging reforms to ensure future generations think critically in a world dominated by AI.

5. Governance and the Balance of Ethics and Innovation:
   Explores policy solutions to ensure AI assists rather than replaces human reasoning, emphasizing the need for conscious thought in balancing innovation with ethical responsibility.

   
   

Back to the Q/A.

Recent discussions have been about:

Islam and Economics; Marginal Utility; Elasticity; Trumponomics; Bidenomics and the American economy ; South Africa and Economics; 2024 budget and budgets in general ; Climate Change and economics...and economies

9000 posts means students are ENGAGED IN THE COURSE.
WATCH THE PREVIEW VIDEOS BEFORE YOU ENROL

What terminology would you expect the audience to use to find your course?

The terminology is common business language – as found in newspapers. Therefore terms such as ‘fiscal policy’ and ‘monetary policy’ are used. Students are encouraged to use the Q/A option to raise points and questions. These questions will very quickly be responded to. Remember too that there is an ‘Economics English’ course included.

What kind of materials are included?

600+ short lectures and some documents that a) test whether the student had understood/remembered the key elements of the lecture and b) questions encouraging to do their own research. In that way the course continues beyond the video.

How long will the course take to complete?

Assuming the student has 2 hours a day , the course could easily be covered in ten weeks. However, one of the purposes of the course is to enthuse the student and the questions asked may encourage the student to spend hours reading newspaper articles. There are also 24 workbooks that, if filled in, will easily take another 120 hours. (This is a very intensive course!)

How is the course structured?

The emphasis is on establishing the basics. Thus right from the beginning lectures students are asked to do two things:

a. read and prepare and then discuss articles in newspapers (I go through them as well)

b. familiarise themselves with the Udemy platform

The next stage is Economic indicators. Students are urged to collect data (definitions have been exoplained) as of course 'economics' is going on all around us all the time.

Then comes vocabulary.

This establishes a foundation.

Then comes core macroeconomics, case studies, countries, Covid and impact and, well, a lot, lot more.

Please watch the Previews!

Why take this course?

So many reasons!

1. To quickly gain an understanding of microeconomics and macroeconomics

2. To be able to assess and evaluate America's economic policies

3. To be able to assess and evaluate the UK's 'alternative' economic policies

4. In the final extended section you can thoroughly test yourself and really see if you understand the economics behind current articles. These lectures are boosted by repeats of earlier lectures.