Course summary

Economics is a subject for all those people who take an interest in, and wish to understand more about the world around them. Economics is the study of how people choose to use scarce resources.

How will I be assessed?

Topic areas:

The micro economy

Economic methodology and the economic problem

Price determination in a competitive market

Production, costs and revenue competitive and concentrated markets

Market mechanism, market failure and government intervention in markets.

The national economy:

The measurement of macroeconomic performance

How the macro economy works:

The circular flow of income, AD/AS

• economic performance

• macroeconomic policy.

Paper 1: Operation of markets and market failure: Section A – multiple choice; Section B- students choose one context from a choice of two and answer short answer questions and extended answers.

Paper 2: The National Economy: Section A – multiple choice; Section B – students choose one context from a choice of two and answer short answer questions and extended writing questions

How is the course delivered?

The course is delivered through classroom based learning using varied teaching styles.

Is this course suitable for me?

If you find yourself thinking about the answers to the possible questions below then this is the course for you.

• What is happening in different markets, such as the housing market and stock market?

• What are interest rates – why do they matter?

• Should the UK join the euro?

• What is ‘globalisation’?

• Is a smoking ban the most effective way to reduce cigarette consumption?

What can I do after this course?

Economics forms an important part of many professional examinations and is a highly valued at University and is therefore very useful for entrance into higher education courses.

What careers would this course be useful for?

Economists have useful insights into a wide range of issues, which is why graduates are highly sought by organisations from a variety of sectors such as the Government, private firms, Law accountancy and banking.

Is there anything else I need to know about the course?

You need to have a keen interest to gain knowledge

Who can I contact for more information?

Ms L Farmer