Why study this course? Economics is the study of the factors that influence income, wealth and wellbeing. You will study a range of economic concepts over the duration of the course, including microeconomics, economic problems and the ways economists think and work. You will go on to consider key measures of economic performance and the main instruments of economic policy primarily in a UK context. Building upon your knowledge, skills and understanding you will then apply them in the context of a business and finally a wider global context. What will you study? You will study four key areas of economics over the two years: Introduction to markets and market failure; The UK economy - performance and policies; Business behaviour and the labour market; A global perspective. Course components Introduction to markets and market failure provides you with the opportunity to consider how markets work, looking at how supply and demand interact to allocate resources in local, national and international markets. The UK economy – performance and policies introduces the aggregate demand/aggregate supply model so that you can use it to analyse changes in real output and the price level. Business behaviour and the labour market examines how the number and size of market participants, and the level of contestability, affect the pricing and nature of competition among firms. A global perspective places the expectation upon you to understand the significance of globalisation, international trade, the balance of payments and exchange rates. Future Pathways Economics leads to a wide range of opportunities in higher education or alternatively in many careers such as accountancy, banking, the civil service and other jobs in the financial sector. You could work in a variety of different jobs in the private or public sector, or even start up your own business.