Economics

Course summary

To be successful in economics you will need to keep up to date with current events by watching news programmes and reading a broadsheet newspaper. You will need to communicate ideas effectively, analysing a range of models and their applications within class discussions and written assignments. While it is not a requirement that students also study maths, you should be comfortable working with numerical data. The course introduces the basic concepts of micro and macroeconomic theory. Unit 1: Markets and Market Failure Tackles the basic economic problem of how resources should be allocated and includes topics such as market failure, efficiency and government intervention Unit 2: The National Economy Focuses on the role of the government in maintaining the UK economy and includes topics such as macroeconomic performance and policy Unit 3: Economic Principles and Issues A synoptic paper designed to highlight the interdependence of economic themes across all of the topics covered in Unit 1 and Unit 2