Economics

Course summary

WHAT WILL I LEARN? Michaela pupils will study the Edexcel Economics course, which provides an excellent framework to analyse complex issues facing the world today through the application of ‘microeconomics’ and ‘macroeconomics’. Microeconomics is the study of decisions made by individuals and firms, and macroeconomics looks at how whole economies work, including regional, national and global economies. In Year 12, you will focus on core economic concepts. In microeconomics, you will learn about how the forces of supply and demand create markets that shape the world around you. In macroeconomics, you will consider the performance of the UK economy and the role of government policy. In Year 13, you will study in more detail how businesses, workers and consumers interact, and tackle global issues such as international trade, poverty and inequality, the economics of developing countries, the financial sector and the role of the state.