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! Upper Sixth: A Level Economics A (Edexcel) If you choose to carry on studying Economics to A Level, you will explore themes 3 and 4 in addition to themes 1 and 2 which include: • Theme 3: Business Behaviour and the Labour Market This theme develops the microeconomic concept introduced in Theme 1 and focuses on business economics. • Theme 4: A Global Perspective This theme develops macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context.