Economics

Course summary

The course is essentially split into two main sections: microeconomic issues and macroeconomic issues In microeconomics, you’ll study the models such as demand and supply, perfect competition, monopoly, the operation of the price mechanism and the causes of market failure. Other key models that relate to the operation of labour markets, wage determination and causes of inequalities in the distribution of income and wealth, are also studied. In macroeconomics, the Government’s main objectives are looked at economic growth, inflation, unemployment and the balance of payments. You’ll also investigate models of international trade globalisation, exchange rates, financial markets and monetary policy. You’ll also analyse and examine the global economy throughout the course.