The Open University
Economics (V13) Dipl
The Open University

Key Course Facts

Course Description

In this diploma you’ll explore contemporary socio-economics issues by learning to apply economic theories and techniques to real world situations. You'll learn to use specialised software to apply statistical concepts to economic data and carry out your own research project. The analytical skills you'll learn are greatly valued by employers. This diploma is ideally suited to a graduate in any discipline and can be completed in as little as two years. You’ll have evidence of a systematic study of economics without having to complete a full degree. If you wish to gain an economics degree later, you may be able to count the credit gained from this diploma.

Key features of the course

  • Gain a good basic knowledge of economic theory and an understanding of economic issues.

  • Analyse some of the most compelling challenges facing us today, such as inequality and unemployment, and issues facing business.

  • Engage in economic debate, assess qualitative and quantitative evidence and its usefulness in relation to economic theories.

  • Learn to analyse economics data using statistical techniques.

Student Reviews

Below you can see course specific reviews for 44 graduates of Economics (V13) Dipl at The Open University for each of the survey questions in comparison to the average for all UK degree courses in Economics.

Overall student satisfaction
88 /100
44 total respondents

Primarily based on data from undergraduate degree students.


Salary of all UK Graduates of Economics

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £28084 £30517 £40298
25-75 percentile range £23532 - £34157 £23437 - £40572 £28271 - £54860

Entry Requirements / Admissions

Requirements for international students / English requirements

IELTS academic test score (similar tests may be accepted as well)

Do you not fulfill the minimum requirements in terms of UCAS score, A levels, or English language requirements?
Get advice on which foundation courses are best for you to still be able to join Economics (V13), Dipl.

Visa Requirements for International Students

Visa requirement

All international students (including citizens from EU countries) intending to study this or any other academic programme for more than 6 months in the UK require a Student Visa.

International students younger than 18 years require a special Child Student Visa. Exceptions from this general rule may apply to holders of other UK work visas, British National Overseas visa, family member visa and recognised refugees or asylum seekers.

Permission to work while studying

The Open University is listed by the UK government as an institution licensed to sponsor migrant students.

Student visa holders from licensed institutions are entitled to work during their full-time bachelor's, master's or Phd studies for
- 20h/week during the term
- Full-time outside term time (e.g. vacations, work placements, once course ended)

After completion of a bachelor's or master's programme of at least 12 months Student Visa holders of licensed institutions can convert their visa into a Graduate Visa which entitles graduates to work for 2 years in the UK.


Average student cost of living in UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

University Rankings

Positions of The Open University in top UK and global rankings.

See all university rankings of The Open University

What students say about studying Economics in the UK?

  • day in my life as a UCL economics student
  • studying economics in the UK | why econs, what is it like, career prospects, regrets...
  • a day in the life of an economics student
  • A Day in the Life of a Princeton Economic Student
  • The Economics Major at UChicago: academics, career prospects, vs. other schools + more!

About The Open University

The Open University was established in 1969 in Milton Keynes, and it’s the largest university in the UK for undergraduate education. The OU is among the most prestigious distance-learning institutions in the United Kingdom, enjoying numerous awards and accreditations, including Triple Crown status for their Business School.

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Where is this programme taught

Distance Learning
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