Economics

Course summary

Economics is a social science, bridging the gap between arts and sciences by seeking to apply scientific tools and analysis to people and real world events. From the starting point of the fundamental problem of limited resources and infinite wants, you will study theoretical frameworks to help you analyse real world problems. Micro economics considers issues of individual decision making, allocation of resources and the behaviour of individuals, firms and markets, as well as how government may intervene to solve the problems they create. Macroeconomics will consider the wider picture of growth, inflation, unemployment, trade and development. What will I learn? You gain a theoretical tool kit that allows you to analyse many of the problems in the world around you, from the clearly economic to the political and social. Brexit, the NHS, resource allocation and equality, crime and punishment are all within the purview of the economist. Key skills that you will develop are the ability to both think and write in an analytical and evidenced based way, basic statistical and numerical tools and questioning outlook on life.