Economics

Course summary

Theme 1: Introduction to markets and market failure Students will develop an understanding of the basic economic problem, the role of entrepreneurs, markets and credit in an economy, how markets fail and government intervention. Theme 2: The Wider Economic Environment This theme focuses on macroeconomic concepts. Students will develop an understanding of measures of economic performance, aggregate demand, aggregate supply, national income, economic growth and macroeconomic objectives and policy. Theme 3: Business behaviour and the labour market This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics Theme 4: A Global Perspective This unit develops the concepts introduced in unit 2 and applies these concepts in a global context.