Economics

Course summary

Theme 1: Introduction to markets and market failure · This theme will focus on microeconomic concepts. Students will develop an understanding of: nature of economics, how markets work, market failure and government intervention. Theme 2: The UK economy – performance and policies · This theme focuses on macroeconomic concepts. Students will develop an understanding of: measures of economic performance, aggregate demand, aggregate supply, national income and economic growth. Theme 3: Business behaviour and the labour market · This theme develops the microeconomic concepts introduced in theme 1 and focuses on business economics. Theme 4: A global perspective · This theme develops the macroeconomic concepts introduced in theme 2 and applies these concepts in a global context.