Economics

Course summary

Economics relates to every aspect of our lives, from the decisions we make as individuals to the policies of firms and governments. The study of economics enables you to develop a deeper understanding of the world around us that is as valuable as it is interesting. Economics has been defined as the study of the allocation of scarce resources between competing claims and needs. You will explore the nature of markets and their role in allocating resources in a modern economy. You will use the concepts of supply and demand to analyze markets. You will also investigate the central role of the government when markets fail and examine the performance of the UK economy. You will focus on an understanding and analysis of the labor market and business structures investigate the role of the government and examine key issues and policies affecting economic performance. The qualification is highly valued by many universities and employers. Employers value Economics graduates for their analytical way of thinking and problem-solving skills. Economics graduates are amongst the highest-paid graduates and there are numerous career options in the public and private sectors