Economics

Course summary

Economics is the study of scarcity. As a subject, it is concerned with trying to get the most out of the limited resources that planet Earth has, to best satisfy its population. The subject tries to answer three basic questions: What should we produce? How should we produce it? For whom should we produce? From these basic questions, the subject is developed, dealing both with scarcity issues on a small scale (microeconomics) and those on a larger scale (macroeconomics). A good grade in Economics at A Level is highly valued by universities and employers because it requires the student to develop a high level of critical thinking and analytical skills. Potential careers include banking, finance, accounting, financial journalism and practice as a private or public sector economist. However, it is an excellent subject for any degree as a high grade in Economics shows that a student has a wide range of skills which are very attractive to universities and employers.