Economics

Course summary

The Economics course has changed significantly in 2020 and now reflects a modern date approach to the study of this subject. The course examines 4 key areas of economics; microeconomic theory, macroeconomic theory, development economics and international economics. The new syllabus also ensures students study modern economic theories from the fields of behavioural economics, environmental economics and ethical consideration which are now at the forefront of economics studied at the university level and within governments NGOs and large global corporate organisations. This is a demanding subject, which requires students to develop higher-order critical thinking skills and the ability to interlink complex topics to produce high-level written analysis. Students must be able to analyze data provided on economic scenarios and apply mathematical models alongside their understanding of key economic philosophies. To excel students will be required to work independently beyond the classroom and require high motivation levels in the subject, to cope with a high workload, especially at a higher level. This subject provides students with a good grounding in the skills required for all university courses, especially Economics, Politics, Journalism, and International Relations and is a suitable humanities subject for those aiming at the top 100 universities. Aims • develop a critical understanding of a range of economic theories, models, ideas and tools in the areas of microeconomics, macroeconomics and the global economy • apply economic theories, models, ideas and tools and analyse economic data to understand and engage with real-world economic issues and problems facing individuals and societies • develop a conceptual understanding of individuals’ and societies’ economic choices, interactions, challenges and consequences of economic decision-making.