Economics

Course summary

Economics is about choices and the impact of our choices on each other. 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 ability to ‘think as an economist’ can help us to make better choices but also to understand the actions of organisations and government’s. Those who have studied History, Geography or Business Studies at GCSE will already have a good idea of how much Economics can affect us all. The course is broadly split between ‘microeconomics’ (essentially the impact of decision making by individuals and firms) and ‘macroeconomics’ (concerning the UK’s economy and international economies). Students should have a keen interest in business, news, politics and current affairs so that they can see how the sometimes rather abstract theories of Economics work out in practice, as well being comfortable with numbers and performing straightforward calculations to solve problems. We direct our efforts towards developing economists with critical, creative, and thinking skills along with a sense of social commitment and the capability to contribute to socioeconomic development.