Studying Economics will enable you to understand the significance of much of the information you hear every day on the news. For example, you might consider why footballers’ wages are so high; whether students should pay for their higher education; why health care is free in the UK but charged for in the USA or how the Chancellor of the Exchequer and the Bank of England manage the economy
Please note; may be required to pay course costs towards your study on this course. Please click here for a full list of 2020 Course Costs.
You will examine the nature of the economic problem and how different societies resolve it. You will go on to look at how markets operate via supply and demand to set the price of goods and services, and whether markets are operating efficiently. Finally, you will apply market theory to the labour market and the theory of how wages are determined.
You will explore large-scale issues focusing on different theories of how the economy as a whole operates; gaining an understanding of how to measure a country’s economic performance. Looking beyond the UK you will examine international trade focusing on the arguments for and against free trade as well as the benefits and drawbacks of globalisation.
- 100% exam
Is it for me?
You will enjoy Economics if you:
- have an interest in current affairs and want to focus on real world issues and problems;
- have the ability to relate to theoretical models and to examine issues logically and systematically;
- are keen to work with numbers;
- can express yourself well, both orally in discussion and on paper;
- are ready to carry out independent research to apply ideas rather than just listening and reading.
- At least 7 GCSEs at Grade 4.
- Grade 5 in GCSE English and GCSE Maths.
- Grade 5 in GCSE Economics if taken.