Economics

Course summary

Theme 1: Introduction to markets and market failure Topics include: • Nature of economics • How markets work • Market failure • Government intervention Theme 2: The UK economy – performance and policies Topics include: • 2.1 Measures of economic performance • 2.2 Aggregate demand • 2.3 Aggregate supply • 2.4 National income • 2.5 Economic growth • 2.6 Macroeconomic objectives and policy Theme 3: Business behaviour and the labour market Topics include: • 3.1 Business Growth • 3.2 Business objectives • 3.3 Revenues, costs and profit • 3.4 Market structures • 3.5 Labour market • 3.6 Government intervention Theme 4: A Global Perspective • 4.1 International economics • 4.2 Poverty and inequality • 4.3 Emerging and developing economies • 4.4 The financial sector • 4.5 Role of the state in the macroeconomy