Economics

Course summary

This course explores both National and Global economic systems and is split into two broad fields of study: Microeconomics (the functioning of markets and market failure) and Macroeconomics (the operation of national and global economic systems). Economics is a relevant and important subject of study and vital to most decisions that are made in society. This course enables pupils to: analyse economic models and be able to predict outcomes of economic change, analyse economic data to determine behaviour in markets, understand the role Government intervention plays to correct market failures and assess the impact of global institutions such as the IMF and World Bank on an economy. Finally, pupils will explore issues in global economics such as poverty and inequality, emerging and developing nations and the impact of Brexit. Modules include The UK Economy, Business Behaviour and the Labour Market.