This best-selling and highly rated programme provides essential knowledge to work effectively in a wide range of economic, business, and policy-focused settings, where understanding individual decision-making, markets, and resource allocation is critical. The Level 3 Diploma in Microeconomics is a CPD-accredited, fully online economics course designed for learners who want to build a strong theoretical understanding of microeconomic principles used across business, finance, public policy, and academic study in the UK.

This Level 3 Microeconomics course focuses on how individuals, households, and firms make decisions, and how these decisions interact within markets. You will develop a clear understanding of supply and demand, consumer and producer behaviour, market efficiency, and the role of incentives in shaping economic outcomes.

Through this Level 3 Diploma in Microeconomics online course, you will gain structured insight into core economic models, market structures, competition, and government intervention. You will also explore income distribution, poverty, and inequality, developing the analytical understanding needed to interpret real-world economic issues and policy debates.

By enrolling in this CPD-accredited Level 3 Microeconomics course, you gain recognised skills, increased analytical confidence, and a solid economics foundation that supports further study, career development, and informed decision-making across multiple sectors.

Course Overview

The career-focused Level 3 Diploma in Microeconomics is designed for UK learners and academic progression.

  • Fully online and flexible learning with 365-day access
  • CPD-accredited microeconomics training course
  • Covers the ten core principles of economics
  • Explores how economists think and analyse decision-making
  • Examines supply and demand and market equilibrium
  • Covers consumer behaviour, producer behaviour, and market efficiency
  • Explores taxation, costs of production, and market intervention
  • Introduces monopolies, competition, and market structures
  • Analyses income inequality, poverty, and policy responses

By the end of this Level 3 Diploma in Microeconomics, you will be able to:

  • Understand the fundamental principles of microeconomics
  • Explain how individuals and firms make economic decisions
  • Analyse supply and demand and their impact on markets
  • Understand consumer and producer behaviour
  • Evaluate market efficiency and the effects of taxation
  • Compare different market structures, including competition and monopoly
  • Explain factors of production and production costs
  • Understand income inequality, poverty, and economic policy approaches
  • Economic reasoning and analytical thinking
  • Market analysis and interpretation skills
  • Understanding of supply, demand, and pricing mechanisms
  • Awareness of consumer and producer decision-making
  • Knowledge of competition, monopolies, and market structures
  • Ability to interpret economic data and policy discussions
  • Critical thinking for business and economic contexts

This Level 3 Microeconomics course is ideal for:

  • Students preparing for further study in economics or business
  • Learners interested in economics, finance, or public policy
  • Professionals seeking to strengthen economic understanding
  • Career changers exploring business or economic fields
  • Entrepreneurs wanting insight into market behaviour
  • Anyone interested in how markets and economic systems operate

When you enrol with Teachers Training, you benefit from:

  • A dedicated UK education and training platform
  • 24/7 tutor and technical support
  • Interactive and engaging online learning materials
  • Affordable pricing with no hidden costs
  • CPD-accredited courses for skills development
  • 100 per cent online learning access
  • Flexible learning deadlines
  • Instant access after enrolment

There are no formal entry requirements for this Level 3 Diploma in Microeconomics. To enrol, you should:

  • Have an interest in economics and learning
  • Have a basic understanding of the English language
  • Be motivated and committed to personal development
  • No previous qualifications or experience are required

After completing the Level 3 Diploma in Microeconomics, you can support progression or further study in areas such as:

  • Economics and business studies
  • Finance and banking support roles
  • Policy research and analysis support
  • Business and market analysis
  • Entrepreneurship and self-employment
  • Further education in economics, business, or finance

The assessment is straightforward; you need to complete the assignment questions that will be provided to you at the end of this  course, you can complete the assignment anytime you want. After you complete and submit your assignment, our tutors will assess your assignment and give you feedback if needed. 

After your assignment has been assessed and you have passed, you will be qualified and will be able to apply for a course completion certificate.

Upon completing the course and passing the final assessment, you will be eligible to receive a CPD QS Accredited Certificate from The Teachers Training, which demonstrates your professional knowledge and career readiness. You can select your preferred certificate option at discounted rates, with the Digital CPD Certificate (PDF) available for only £6.99, the Printed Hardcopy Certificate for only £9.99, or both the Digital and Printed Certificates together for just £11.99. This certification will significantly strengthen your CV and enhance your credibility within the education sector. Please note that discounted certificate pricing is available for a limited time only, so be sure to secure your certificate before the offer ends.

This best-selling and highly rated programme provides essential knowledge to work effectively in a wide range of economic, business, and policy-focused settings, where understanding individual decision-making, markets, and resource allocation is critical. The Level 3 Diploma in Microeconomics is a CPD-accredited, fully online economics course designed for learners who want to build a strong theoretical understanding of microeconomic principles used across business, finance, public policy, and academic study in the UK.

This Level 3 Microeconomics course focuses on how individuals, households, and firms make decisions, and how these decisions interact within markets. You will develop a clear understanding of supply and demand, consumer and producer behaviour, market efficiency, and the role of incentives in shaping economic outcomes.

Through this Level 3 Diploma in Microeconomics online course, you will gain structured insight into core economic models, market structures, competition, and government intervention. You will also explore income distribution, poverty, and inequality, developing the analytical understanding needed to interpret real-world economic issues and policy debates.

By enrolling in this CPD-accredited Level 3 Microeconomics course, you gain recognised skills, increased analytical confidence, and a solid economics foundation that supports further study, career development, and informed decision-making across multiple sectors.

Course Overview

The career-focused Level 3 Diploma in Microeconomics is designed for UK learners and academic progression.

  • Fully online and flexible learning with 365-day access
  • CPD-accredited microeconomics training course
  • Covers the ten core principles of economics
  • Explores how economists think and analyse decision-making
  • Examines supply and demand and market equilibrium
  • Covers consumer behaviour, producer behaviour, and market efficiency
  • Explores taxation, costs of production, and market intervention
  • Introduces monopolies, competition, and market structures
  • Analyses income inequality, poverty, and policy responses

Learning Outcomes

By the end of this Level 3 Diploma in Microeconomics, you will be able to:

  • Understand the fundamental principles of microeconomics
  • Explain how individuals and firms make economic decisions
  • Analyse supply and demand and their impact on markets
  • Understand consumer and producer behaviour
  • Evaluate market efficiency and the effects of taxation
  • Compare different market structures, including competition and monopoly
  • Explain factors of production and production costs
  • Understand income inequality, poverty, and economic policy approaches

Skills You Will Gain

By the end of this Level 3 Diploma in Microeconomics, you will be able to:

  • Understand the fundamental principles of microeconomics
  • Explain how individuals and firms make economic decisions
  • Analyse supply and demand and their impact on markets
  • Understand consumer and producer behaviour
  • Evaluate market efficiency and the effects of taxation
  • Compare different market structures, including competition and monopoly
  • Explain factors of production and production costs
  • Understand income inequality, poverty, and economic policy approaches

Who Is This Course For?

This Level 3 Microeconomics course is ideal for:

  • Students preparing for further study in economics or business
  • Learners interested in economics, finance, or public policy
  • Professionals seeking to strengthen economic understanding
  • Career changers exploring business or economic fields
  • Entrepreneurs wanting insight into market behaviour
  • Anyone interested in how markets and economic systems operate

Why Choose Teachers Training

When you enrol with Teachers Training, you benefit from:

  • A dedicated UK education and training platform
  • 24/7 tutor and technical support
  • Interactive and engaging online learning materials
  • Affordable pricing with no hidden costs
  • CPD-accredited courses for skills development
  • 100 per cent online learning access
  • Flexible learning deadlines
  • Instant access after enrolment

Entry Requirements For this course

There are no formal entry requirements for this Level 3 Diploma in Microeconomics. To enrol, you should:

  • Have an interest in economics and learning
  • Have a basic understanding of the English language
  • Be motivated and committed to personal development
  • No previous qualifications or experience are required

Career Path

After completing the Level 3 Diploma in Microeconomics, you can support progression or further study in areas such as:

  • Economics and business studies
  • Finance and banking support roles
  • Policy research and analysis support
  • Business and market analysis
  • Entrepreneurship and self-employment
  • Further education in economics, business, or finance

Assessment

The assessment is straightforward; you need to complete the assignment questions that will be provided to you at the end of this course. You can complete the assignment anytime you want. After you complete and submit your assignment, our tutors will assess your assignment and give you feedback if needed. 

After your assignment has been assessed and you have passed, you will be qualified and will be able to apply for a course completion certificate.

Certification

Upon completing the course and passing the final assessment, you will be eligible to receive a CPD QS Accredited Certificate from The Teachers Training, which demonstrates your professional knowledge and career readiness. You can select your preferred certificate option at discounted rates, with the Digital CPD Certificate (PDF) available for only £6.99, the Printed Hardcopy Certificate for only £9.99, or both the Digital and Printed Certificates together for just £11.99. This certification will significantly strengthen your CV and enhance your credibility within the education sector. Please note that discounted certificate pricing is available for a limited time only, so be sure to secure your certificate before the offer ends.

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FAQ Schema Markup

FAQ - Frequently Asked Questions

The course covers core microeconomic principles, including supply and demand, consumer and producer behaviour, market efficiency, taxation, competition, monopolies, income inequality, and economic policy responses.

No. This course is suitable for beginners and learners with an interest in economics. No previous qualifications are required.

Yes. Successful learners are eligible for a CPD-accredited certificate from Teachers Training.

Yes. The course is fully online and accessible on desktop, tablet, and mobile devices.

Yes. This CPD-accredited course is recognised for skills development and continuing professional development purposes across the UK.

Course Curriculum

Introduction
Introduction 00:02:00
Ten Principles of Economics
Ten Principles of Economics 00:28:00
Thinking Like an Economist
Thinking Like an Economist 00:33:00
Interdependence and the Gains from Trade
Interdependence and the Gains from Trade 00:23:00
The Market Forces of Supply and Demand
The Market Forces of Supply and Demand 00:24:00
Elasticity and Its Application
Elasticity and Its Application 00:19:00
Supply, Demand, and Government Policies
Supply, Demand, and Government Policies 00:30:00
Consumers, Producers, and the Efficiency of Markets
Consumers, Producers, and the Efficiency of Markets 00:20:00
Application: The Costs of Taxation
Application: The Costs of Taxation 00:20:00
Application: International Trade
Application: International Trade 00:32:00
Externalities
Externalities 00:17:00
Public Goods and Common Resources
Public Goods and Common Resources 00:11:00
The Design of the Tax System
The Design of the Tax System 00:18:00
The Costs of Production
The Costs of Production 00:24:00
Firms in Competitive Markets
Firms in Competitive Markets 00:23:00
Monopoly
Monopoly 00:26:00
Monopolistic Competition
Monopolistic Competition 00:16:00
Oligopoly
Oligopoly 00:20:00
The Markets for the Factors of Production
The Markets for the Factors of Production 00:18:00
Earnings and Discrimination
Earnings and Discrimination 00:21:00
Income Inequality and Poverty
Income Inequality and Poverty 00:30:00
The Theory of Consumer Choice
The Theory of Consumer Choice 00:26:00
Frontiers of Microeconomics
Frontiers of Microeconomics 00:20:00
Bonus Advanced Topics
Advanced Topic Class 1 00:30:00
Advanced Topic Class 2 00:30:00
Advanced Topic Class 3 00:31:00
Advanced Topics Class 4 00:44:00
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