Economics

Course summary

Economics examines how individuals, businesses, and governments make choices in a world of limited resources. One of the subject’s core principles is that human wants are unlimited, meaning not all needs and desires can be met. As a result, decisions must be made about how goods and services are produced and distributed - often by businesses aiming to meet consumer demand. The course explores key topics such as the role of markets, business objectives, market structures, the labour market, government policies, the global economy, and the financial sector. Economics encourages analytical thinking, problem-solving, and evaluation - skills essential for understanding real-world issues.