Economics

Course summary

COURSE CONTENT Theme 1: Introduction to Markets and Market Failure • The nature of economics • How markets work • Market failure • Government intervention Theme 2: The UK Economy – Performance and Policies • Measures of economic performance • Aggregate demand • Aggregate supply • National income • Economic growth • Macroeconomic policy and objectives Theme 3: Business Behaviour and the Labour Market (follows on from Theme 1) • Business growth • Business objectives • Revenues, costs and profits • Market structures • Labour market • Government intervention Theme 4: Global Business (follows on from Theme 2) • International economies • Poverty and inequality • Emerging and developing economies • The financial sector • Role of the state in the macroeconomy