Economics

Course summary

The course comprises: microeconomics and macroeconomics. Microeconomics is the study of how individuals and firms make decisions about how to use the resources available to determine which goods and services to produce or consume, and the corresponding price(s) to charge. Macroeconomics considers fundamental questions about the economy as a whole. We analyse important current affairs topics such as: inflation; unemployment; economic growth; globalisation; poverty and inequality; exchange rates and environmental issues. Economics gives you an insight into how important decisions are made which affect everyday life. You will gain an appreciation of issues of national and global importance, and you will become aware of key financial decisions which affect us all. The skills you gain will enable you to follow political and business events with greater understanding and, as a result, you will be in a position to make more informed political and business decisions. It is important that you are keen to learn about current affairs and that you take an interest in world events.