Economics

Course summary

Economics is about choice and the impact of our choices on the rest of society. It relates to every aspect of our lives, from the decisions we make as individuals or families to those made by governments and businesses. For the AS Level you will study: Theme 1: Introduction to Markets and Market Failure This unit is an introduction to the market economy and the workings of markets. You will learn how consumers make decisions and how markets operate efficiently and what happens when they do not. Theme 2: The UK Economy – Performance and Policy Measures In this unit you will learn the principles of macroeconomics. This involves examining the role of the government in helping markets to operate and whether the government can alleviate problems of unemployment, inflation and slow economic growth.