Economics

Course summary

Economics allows students to develop a new view of the world and an insight into how society operates, from the day-to-day decisions made by consumers and businesses to the macroeconomic issues at both national and international levels. Economic Theory is taught and applied to real-world current affairs and issues. Economics is a social science which incorporates Mathematics and Statistics as well as having connections with many other disciplines (Politics, Law, Geography, Psychology etc). Its application in real life is visible and constant through many streams including politics, education, the environment, health care, or simply your living costs. The types of issues you will study include: How do markets work? Should the government intervene in the market for junk food? What is the economic case for a city congestion charge on motorists? What factors determine the level of unemployment in an economy? How do large firms dominate markets? Do we, as consumers and workers benefit from having multinational companies operating in our economy? How can a government attempt to make markets more competitive? Why does the UK trade with other countries? Why does the value of the pound sterling fluctuate on the foreign market? How does the UK’s decision to exit the EU impact the UK economy? What are the economic effects of migration? What is globalisation and how does it affect the UK economy?