Economics

Course summary

Economics is about the fundamental problems of scarcity and choice and any economics course usually begins by introducing these key ideas and explaining how different societies adopt different approaches to solving these problems. The subject also looks at what motivates us as consumers and how we make choices. Recently the exciting new field of behavioral economics has been added to the syllabus to analyses why people make certain decisions or behave in a certain way. It is an analytical subject that provokes us to think about how and why things happen in our world. You will soon come to realise that many of the things that we do are driven by economic choice.