Economics

Course summary

Economics is the study of scarcity and choice. This subject provides students with a detailed understanding of how the world they live in works, from the purpose of interest rates to the determination of prices. How markets are shaped by competitive actions to the distribution of income and wealth and how Governments can impact our day-to-day lives with their actions. Economics is the right subject if you enjoy: • Debating economic issues such as inequality, globalisation and the Global Financial Crisis. • Exploring and presenting alternative courses of action. • Keeping up to date with national and international trends. • Learning about the economic environment and business through research and investigation. Theme 1: Markets, consumers and firms Theme 2: The wider economic environment Theme 3: The global economy Theme 4: Making markets work