Economics

Course summary

Economics provides you with the knowledge and insight necessary to understand the impact of developments in business, society and the world economy. It is concerned with how society sets about meeting people’s demands for things they want to consume. We all make economic decisions every day of our lives. Economics offers a way of thinking about the world that enables us to make the best of what we have. For example, what makes a diamond more expensive than a necessity like water? Should public transport be subsidised by the government? Why do celebrities get high pay while skilled nurses are paid significantly less?