Economics

Course summary

Economics is about choice and the impact of our choices on each other. The subject is split into two main sections: microeconomics and macroeconomics. Macro looks at the big issues affecting the economy as a whole (unemployment, inflation, growth). Micro looks at a smaller scale such as the pricing of individual products like oil or gold. Taken together, micro and macroeconomics give a complete understanding of the economy that will be valuable in career terms as well as bringing an increased understanding of the news! Lower Sixth: AS Economics A (Edexcel) During the AS qualification, you will explore the following aspects of Economics: • Theme 1: Introduction to the Markets and Market Failure This theme introduces students to the microeconomic nature of economics, looking at economic problems and the ways economists think and work. • Theme 2: The UK Economy - Performace and Policies This theme introduces students to macro-economics by exploring the key measures of economic performance and the main instruments of economic policy primarily in a UK context.