Economics

Course summary

Economics is front-page news. You will learn how to use the ‘economist’s toolbox,’ a set of skills and techniques which will enable you to analyse and debate headline issues in an informed way. Economics will make you stand out as an independent, critical thinker. As citizens, future taxpayers, and voters you need to understand the ‘big issues.’ To do so, knowledge of economics is invaluable, many would say essential. There are two main areas of study: Microeconomics: How does a market economy work? What happens when markets fail? What determines how much we earn? Why do stockbrokers earn more than doctors? Macroeconomics: How can a government best manage the economy to achieve high employment, low inflation, and economic growth? How does globalization affect us? Can we solve world poverty?