Economics

Why should I study Economics?
There has never been a more exciting time
to study Economics. Changes in the world economy affect our lives on a daily basis. You will learn everything from what determines the price of goods and services to why the average standards of living vary so widely within and between countries. Economics explains how the decisions of governments, businesses and individuals are made and how these have an impact on our lives. At a macro level you will focus on issues such as the global financial crisis, environmental change and the impact of globalisation. At the micro level you will study how and why we make spending decisions; how businesses compete to make profits and how government policies can influence our behaviour. Economics is a rewarding subject to study. It will challenge you to think differently and will change the way you understand the world around you.

What will I study?

Year 12 topics

  • Individuals, firms, markets & market failure
  • How individuals make economic decisions
  • Prices in competitive markets
  • Business economics
  • Distribution of income and wealth: poverty and inequality
  • Government intervention in markets

Macroeconomics

  • Developments in the national and international economy
  • Government policies
  • Economic growth and development

Year 13 topics develop these themes to a higher level including

  • Behavioural economics
  • Banking and financial markets
  • The challenges of globalisation.

What are the entry requirements?
Please refer to our Course Specific Entry Requirements table here