Economics

Course summary

Economics is more relevant that ever; austerity, bankers’ bonuses, house price increases and fears over BREXIT and COVID are just five topics rarely out of the news in recent years that all relate to this subject. Taking this subject will provide students with a complete understanding of the economy which helps to develop an understanding of current affairs and world events. The subject is split into two main sections; microeconomics and macroeconomics. Macroeconomics looks at the big issues affecting the economy as a whole including unemployment, inflation, growth, exchange rates and so on. This section also considers the performance of different countries around the world, and the range of issues affecting both emerging and developed economies. Microeconomics on the other hand looks at individuals, businesses and markets; the pricing of individual products like oil or gold, the salaries paid to different people, and the introduction of policies such as the sugar tax.