Economics

Course summary

Economics is helpful for understanding many of the important issues in the UK and world today. We ask a lot of questions: • What are the functions of money and why is it so important? • What happens when finite resources run out? • Do exchange rate movements matter beyond your summer holiday? • Do rising house prices really benefit the economy? • Is immigration good or bad for the economy? • Does inflation really matter? • Why did the banks go bust and what can we learn from it? • There is no coursework and 20% of the marks are for mathematics. Course content includes: • How inflation is calculated and why it matters. • Economic growth • Price and output decisions of firms • Competition policy and the effectiveness of government intervention • The global economy – the past, the present, and the future • Debt problem of developing and developed countries • Strategies for promoting economic development • The functions of the World Trade Organisation You do not need to have studied Economics at GCSE in order to take an A level course in this subject.