Economics

Course summary

The course encourages you to develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions of everyday life. As such, you will apply the economic theories and concepts learned in a range of contexts and appreciate their value and limitations in explaining real world phenomena. You will also analyse, explain and evaluate the market economy and the role of government in it. The subject matter of the modules is of particular relevance in today’s dynamic global economy. You will develop a critical approach to various economic models and methods of enquiry, applying them to a range of present day economic problems. The ethical and social dimensions of Economics will be included – such as the strengths and weaknesses of the market economy, the relationship between rich and poor countries, the distribution of income and wealth within a particular society and the quality of life between and within economies.