It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices. This course will change the way you think! Economics is the study of the way in which economies work; from setting the national minimum wage, to forming trade agreements with different economies. Economics is all around us in our everyday lives and being able to understand how a government initiative in one area of the economy may have affects on others, is all part of the study of economics. Studying the subject gives students a generalist understanding of the world and its inner workings. Students 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. It combines aspects of politics, sociology, psychology and history. Studying economics opens up pathways to many university courses or careers. There are careers that use specific knowledge of economics, for example banks, insurance, accountancy firms, businesses and in government. These jobs may involve identifying financial risks or making decisions about where a company or a government should invest its resources in the future, or even how to design a bidding platform for eBay. There are also roles for economists in think tanks and consultancies that advise governments and companies on public policy, such as how to deal with the Greek debt crisis. More broadly, an economics qualification helps prepare you for careers that require numerical, analytical and problem solving skills – for example in business planning, marketing and research and management.
Component 01 will assess: Introduction to microeconomics The role of markets Business objectives Market structures The labour market Component 02 will assess: Aggregate demand and aggregate supply Economic policy objectives Implementing policy The global context The financial sector In Component 03: students will draw together their knowledge and skills to answer questions from across all content areas.
About Education Provider
| Region | London |
| Local Authority | Wandsworth |
| Ofsted Rating | Good |
| Gender Type | Mixed |
| Address | Parkham Street, Battersea, London, SW11 3DQ |
It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices. This course will change the way you think! Economics is the study of the way in which economies work; from setting the national minimum wage, to forming trade agreements with different economies. Economics is all around us in our everyday lives and being able to understand how a government initiative in one area of the economy may have affects on others, is all part of the study of economics. Studying the subject gives students a generalist understanding of the world and its inner workings. Students 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. It combines aspects of politics, sociology, psychology and history. Studying economics opens up pathways to many university courses or careers. There are careers that use specific knowledge of economics, for example banks, insurance, accountancy firms, businesses and in government. These jobs may involve identifying financial risks or making decisions about where a company or a government should invest its resources in the future, or even how to design a bidding platform for eBay. There are also roles for economists in think tanks and consultancies that advise governments and companies on public policy, such as how to deal with the Greek debt crisis. More broadly, an economics qualification helps prepare you for careers that require numerical, analytical and problem solving skills – for example in business planning, marketing and research and management.
Component 01 will assess: Introduction to microeconomics The role of markets Business objectives Market structures The labour market Component 02 will assess: Aggregate demand and aggregate supply Economic policy objectives Implementing policy The global context The financial sector In Component 03: students will draw together their knowledge and skills to answer questions from across all content areas.
