Economics

Course summary

Economics is an exciting and dynamic social science which examines how individuals, governments and societies make choices from scarce resources. It is used to analyse a range of problems from local to international level including food and energy prices, food and fuel poverty, the financial crisis of 2007-08, inflation, the current crisis in government finances, international trade and development. While having many practical applications, Economics is nonetheless a theoretical subject in which we study models of price determination, market structure and national equilibrium analysis.