Economics

 COURSE CONTENT

Students will be looking at the economic problems that face all economies; limited resources and unlimited wants. Throughout the course they will assess the ways in which these scarce resources can be allocated.

The course also studies the distribution of income and wealth and the reasons for the inequality between different people's incomes. Why is Tony Blair paid more than a nurse? In this section of the course we will also investigate the different ways in which the government attempts to re-distribute wealth throughout the country.

The course also introduces a political element in which we study the different policies adopted by governments to achieve their economic objectives. In addition to studying the British Economy, we will also be looking at the threats and opportunities created as a result of our membership of the European Union.

Green Economics is a branch of the subject which takes into account the effect of economic decisions made by firms, consumers and the government on the environment. Years ago decision makers ignored the effects on the environment, whereas today pressure groups and many economists have started to measure the costs of economic actions on the environment.

This course equips students with the skills and knowledge required to understand current political economic and social issues. This will enable them to make informed decisions as consumers, voters and employees.

CAREER PROSPECTS

Many students who choose economics often attend University to read Business Studies, Management or Economics. Others choose to pursue Business and management related careers in the retail, leisure, insurance and finance industries.

 

It is likely that this specification will be offered as an e-learning course.