Economics

Course summary

The course covers both micro and macroeconomics, including supply and demand analysis, markets, AD/AS analysis, and how government policy seeks to achieve economic objectives. Pupils then go on to look at economic theory in greater depth. In microeconomics, this includes labour markets, the distribution of income and wealth, the environment and market failure. In macroeconomics, pupils learn about national economy, and then cover international topics such as globalisation, trade theory, exchange rates, and the UK’s global economic links.