Economics

Course summary

Economics seeks to maximise wellbeing across society. It covers issues such as how governments can act to make the planet more sustainable. How can we solve the problem of pollution? How to encourage healthier diets and how to redistribute income and wealth, making society more equal. This involves rich to poor or groups with protected characteristics. Why do men earn more than women? We consider the cost of living crisis and the consequences of a pandemic to the welfare of individuals and groups in different countries. What does the government do to improve our living standards? Traditional economic theory assumes rationality but Behavioural Economics shows that decisions are not made logically. How are people being manipulated? We will consider the costs and benefits of Brexit and how the banking sector is now regulated. Cryptocurrency – is it a legitimate form of money?