Economics profoundly affects all our lives and its principles can be applied in everyday life as well as in business or by governments. The subject has something of interest for everyone as it is so wide-ranging and dynamic.
Students acquire knowledge and understanding of basic microeconomic and macroeconomic models and apply them to current problems and issues. They study developments in the UK economy and government policies over the last 10 years and come to appreciate that the performance of the UK economy is influenced by its membership of the EU and by external events in the international economy. Students develop a critical approach to economic models and methods of enquiry.
Students should be familiar with the various types of statistical and other data which are commonly used by economists and are expected to have achieved at least a grade B in Mathematics at GCSE.