Economics

Course summary

Economics focuses on the problem of scarcity and how resources are allocated in both individual markets (microeconomics) and national economies (macroeconomics). Key topics include: • Microeconomics: The study of individual markets and how prices are determined by the interactions between buyers and sellers. You will explore how incentives influence behaviour and how markets can fail to allocate resources efficiently. • Macroeconomics: Understanding national economic issues such as inflation, unemployment, economic growth, and sustainable development. You will examine how governments intervene in the economy to address these issues. This course will teach you to approach real-world problems with an economic perspective, giving you insight into both individual and societal decisions.