Subject Intent: Why Economics?
Economics affects people on a daily basis, from the choice of products that we buy, the prices we pay for goods, and the way
in which we trade and interact with other countries. Our economics curriculum enables students to think critically about the world around them and the decisions made by policymakers, helping to develop both their analytical and evaluative skills. The course enables students to develop their ability to make informed judgements and to communicate their findings effectively. Students will gain a greater insight into the economic changes seen in the area in which they live over the past 50 years, including the collapse of the industry and its impacts on the local area and how employment opportunities have changed since. Economics is seen on a daily basis by students without often realising it. Once they start studying, they begin to review their own choices and opportunities.
Why should I study this subject?
There has never been a more exciting time to study Economics. Changes in the world economy affect our lives on a daily basis. You will learn everything from what determines the price of goods and services to why the average standards of living vary so widely within and between countries. Economics explains how the decisions of governments, businesses and individuals are made and how these have an impact on our lives. At a macro level you will focus on issues such as the global financial crisis, environmental change and the impact of globalisation. At the micro level you will study how and why we make spending decisions; how businesses compete to make profits and how government policies can influence our behaviour.
What will I study?
- Micro economics
- Individuals, firms and market behaviour
- How economic decisions are made
- Prices in competitive markets
- Business economics
- Behavioural economics
- Distribution of income and wealth: poverty and inequality
- Government intervention into markets Macro economics
- Developments in the national and international economy
- Inflation, growth and unemployment
- Macroeconomic management
- Banking and financial markets
- Economic growth and development
- Living standards and the quality of life
- The challenges of globalisation
- The UK and the European economy
We get to do a wide variation of tasks from games to group research projects and learn from modern resources like online newspaper articles. This course allows us to develop useful skills such as essay writing, researching, and analysing data. We are able to link theoretical concepts to current affairs and predict trends and changes to the economy.
What are the entry requirements?