Economics

Course summary

Economics involves the allocation of scarce resources. There are limited resources in society, but infinite needs and wants. Economics allows students to investigate and analyse markets and how resources are allocated. Students will get the opportunity to examine a wide range of real economic issues such as the credit crunch, government economic policy, economics of a firm and global economics. What makes Economics such a relevant subject is that it examines real issues. Students are expected to understand and keep up to date with the changing economic situation by reading newspaper articles, and watching news and current affairs programmes. Students should have a natural curiosity in terms of examining the cause and effect of issues of local, national and international importance. Students will experience regular classroom discussions, which encourages them to verbalise their knowledge and opinions. The course encourages the use of an enquiring, critical and thoughtful approach to the study of economics and develops an ability to think as an economist.