Economics

Course summary

Economics is fundamentally a social science and not simply all about numbers. It is the study of the world around us from a social, financial and cultural perspective, gaining an understanding of economic theories and interrelationships between macro and micro economic issues. Economics is a highly regarded academic subject which can provide the underpinning knowledge, awareness and skills to progress to a wide range of further studies and professions, not only that, but it is also incredibly relevant given the current state of the world economy. You will cover a wide range of topics, broadening understanding of economic issues, from understanding supply and demand and the difference between economies and diseconomies of scale through to differing market structure and the price mechanism. Other topics include AD/AS analysis, aggregate demand, fluctuations in economic activity and economic growth, inflation, monetary and fiscal policy, how and why governments intervene in markets and why, and the labour market.