Economics

Course summary

Economics is the study of how scarce resources are allocated most efficiently to infinite needs of humans. For example, Economics helps us answer questions like: • Should we offer subsidies to increase output of food staple goods? • Should we regulate the gambling industry? • Will a low tax regime boost UK growth? • Will there be another housing crash in the UK? • Has the London Congestion Charge worked? • How can we stop pollution and save the planet? • What will the economic impact of a growing China have on our future? • Why have some countries become richer under globalisation and others much poorer? • Can we afford the NHS? • Can we eradicate poverty?