Economics

Course summary

You will study both Microeconomics and Macroeconomics over the 2 year course. The course is split into 4 themes as follows: Theme 1: Introduction to markets and market failure · 1.1 Nature of economics · 1.2 How markets work · 1.3 Market failure · 1.4 Government intervention. Theme 2: The UK economy – performance and policies · 2.1 Measures of economic performance · 2.2 Aggregate demand (AD) · 2.3 Aggregate supply (AS) · 2.4 National income · 2.5 Economic growth · 2.6 Macroeconomic objectives and policies Year 2. Theme 3: Business behaviour and the labour market · 3.1 Business growth · 3.2 Business objectives · 3.3 Revenues, costs and profits · 3.4 Market structures · 3.5 Labour market · 3.6 Government intervention. Theme 4: A global perspective · 4.1 International economics · 4.2 Poverty and inequality · 4.3 Emerging and developing economies · 4.4 The financial sector · 4.5 Role of the state in the macroeconomy.