Economics

Course summary

Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices. Economists take an analytical look at the world, examine how it is changing and evaluate how successful decision-makers (such as governments) are at managing national and international welfare. The academic subject of Economics is divided into two broad parts: microeconomics and macroeconomics. Microeconomics examines how markets function, and how markets fail, whilst Macroeconomics looks at the broader issues faced by economies. In most developed countries, such as ours, we expect jobs, affordable products and a good standard of living. Economics is about argument. You will learn theories of economics to help explain why events have happened, and how problems might be tackled. If you enjoy learning about topical issues and taking an often intensely critical view of the world, choose Economics. A-level Economics is a highly valued qualification by top universities as a course that develops mathematical, analytical and critical thinking skills. Universities aside, studying Economics will boost your employability in many areas, regardless of the industry you work within. This reflects a strong demand for the widely transferable analytical and problem-solving skills developed by economics students.