Economics

Course summary

Economics is a subject concerned with balancing our wants and needs against limited resources. It asks students to consider how much we can produce, for whom, and how much it is worth as a result. During the course, students examine microeconomics, investigating the concepts of supply and demand, looking at individual markets, and analyzing the causes of market failure. Macroeconomics is also introduced, providing the chance to consider how the economy functions as a whole, how financial markets work, and the impact of globalization. The course includes a study of the policies used by the government and central banks to maximize welfare and maintain economic stability. Students of Economics do not necessarily need to combine the subject with Maths A Level unless they want to study pure Economics at a degree level. Economics can complement arts subjects such as History Philosophy and Theology, it can also combine well with Geography or contrast with Sciences.