ECONOMICS

Course summary

Macroeconomics Looks at Economics from a broad point of view, analysing the economic output of entire countries, their position in the international marketplace and how they allocate their limited resources to maximise production and encourage growth for future generations. Microeconomics Focuses on the actions of individuals and industries within the economy; the interaction between buyer and seller, how people and companies respond to price changes and how this impacts demand, in essence analysing the parts which make up the economy. As an economics student you’ll learn how the individual choices made (macroeconomics) impacts production and consumption levels of a whole nation (macroeconomics).