Economics

Course summary

Economics is a social science which relates to the consequences of decision-making in everyday life. It has close links to many subjects - History, Geography, Mathematics, Politics, Psychology, Law, Philosophy and others. Its topicality makes it relevant to all who wish to study how and why economic systems function as they do. The course is based around four themes which comprise the microeconomic environment (individuals' decisions and firms' behaviour), and macroeconomics (UK and the global economy). You will explore many issues in the world around you such as market competition, prices, government policy, the welfare state, international trade, economic development, sustainability and much more. Recent changes to content mean that financial markets are covered; some basic economic history is included, and elements of behavioural economics are investigated. As there are few areas in our lives in which economics does not appear in some form, the lessons often involve lively arguments and debate surrounding current topical issues.