Economics

Economics has long been recognised as a subject that combines the development of transferable skills with an understanding of contemporary world problems and can be a preparation for the study of many different subjects.

Candidates will be encouraged to:

• Develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life.
• Apply economic concepts and theories in a range of contexts and to appreciate their value and limitations in explaining real world phenomena.
• Analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it.
• Participate effectively in society as citizens, producers and consumers.