Economics

Course summary

Economics is a traditional subject which is relevant to the world you live in and to your future. It is a fascinating subject because it includes the study of how people behave and interact with each other. The dynamic relationship between consumers, firms and government makes economics a vibrant subject. Economics can also lead to an exciting career and further study in areas such as large companies, banking and finance, media, law, marketing, government, journalism and teaching. What will I study? Microeconomics Macroeconomics Economic methodology Measurement of macroeconomic performance Individual economic decision making Circular flow of income, AD/AS Price determination Economic performance Production, costs and revenue Financial markets and monetary policy Perfect competition, market structures Fiscal policy and supply-side policies The labour market Globalisation and international trade Income and wealth Exchange rates and economic growth The market mechanism