Economics is a great choice for students who have an active interest in how we, as individuals and as a society, make choices. Economics at its most fundamental is how individuals and society solve the problem of resources that are limited and an unlimited demand for them. Most students have not studied Economics before and we do not expect previous knowledge of the subject.
You should have a genuine interest in current affairs and be confident in your numerical skills and written ability for essays. Economics is a challenging subject which is highly regarded by universities and employers.
Economics pervades every element of our lives, it surrounds us. Studying the subject provides an understanding of the world we live in and its inner workings. Students learn everything from what determines the price of goods and services to why standards of living vary so widely within and between countries.
In Theme 1 and Theme 2you will be introduced to the nature of economics, how markets work and why they fail. You will also consider the role of government and the UK economy.
In Theme 3 and Theme 4you will explore how businesses grow and compete, the labour market and how the government intervenes to make markets work better. You will also explore international trade, inequality within and between countries, emerging and developing economies, and the public finances. You will also have an opportunity to consider the role and impact of the financial sector.