Economics

Course summary

Anyone with an interest in understanding how individuals, businesses and governments make decisions about using our scarce world resources. You don't need to have studied it at GCSE to take the A Level and it fits particularly well with most subjects including other social sciences, history and geography, as well as with business related subjects. It will give you transferable skills frequently sought after by employers including numeracy, extended writing, analytical and decision making skills as well as commercial awareness: an essential requirement for business. You'll cover micro and macroeconomics and investigate economic theory through examining real-world businesses and the environments in which they operate. The course covers four themes: Markets, consumers and firms - including exploring concepts such as enterprise, credit, market failure and the role of government intervention The wider economic environment focusing on topics such as the economic cycle, business growth, firms, consumers and demand The global economy - in which you'll get an understanding of the impact of globalisation on local, national and global companies, look at labour markets and concepts of inequality and redistribution. Making markets work - the role of the financial sector, competition, market power and market failure, macroeconomic policies and their effects on firms and individuals.