Economics

Course summary

Choose to study Economics at Brighouse Sixth Form College and C6 and explore ways in which daily choices made by individuals, businesses and national governments influence our lives. In Year One, students will be introduced to the nature of economics, how markets work and why they fail, consumer choices and the role of businesses/enterprises in the economy. The role of banks, the financial sector and aspects of life in a global economy are also considered. In Year Two, students explore more broadly the impact of globalisation on consumers, firms and the labour market. In addition, the role of the government in the economy is considered, alongside the causes and legacy of the Global Financial Crisis. Theme 1: Markets, Consumers and Firms - Scarcity, choice and potential conflicts - Enterprise, business and the economy - Introducing the market - The role of credit in the economy - Market failure and government intervention - Revenue, costs, profits and cash Theme 2: The Wider Economic Environment - Business growth and competitive advantage - Films, consumers and elasticity of demand - Productive efficiency - Life in a global economy - The economic style - Introduction to Macroeconomic Policy Theme 3: The Global Economy This theme develops the concepts introduced in Theme 2. - Globalisation - Economic factors in business expansion - Impact of globalisation on global companies - Impact of globalisation on local and national economies - Global labour markets - Inequality and redistribution Theme 4: Making Markets Work This theme develops the concepts introduced in Theme 1. - Competition and market power - Market power and market failure - Market failure across the economy - Macroeconomic policies and impact on firms and individuals - Risk and the financial sector