Economics is the study of how we can best allocate our scarce resources (eg land, labour, capital and entrepreneurship) to satisfy unlimited demands of society. Put another way, how can we better solve society’s needs with what we have?
The course provides you with a range of skills and tools to analyse given problems and produce viable solutions.
During the course you will be studying unemployment, inflation, gross domestic product, economic growth, exchange rates and international trade in the macro unit. Also, we will explore: demand and supply, elasticities and externalities in the micro unit.
The course is assessed by written exams.
You will need to achieve at least 5 GCSEs – 2 at Grade 6 and 3 at Grade 5 including English and Maths.
Economics combines well with A Levels in Business Studies, Geography, Politics, Accounts, Law, History, Sociology and Psychology.
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