Who makes most money from the demand for cappuccinos early in the morning at Waterloo Station? Why is it impossible to get a foot on the property ladder? How does the Mafia make money from laundries when street gangs pushing drugs don't? Who really benefits from immigration? How can China, in just fifty years, go from the world's worst famine to one of the greatest economic revolutions of all time, lifting a million people out of poverty a month?
Tim Harford, The Undercover Economist
Economics students study both microeconomics and macroeconomics. Microeconomics is analysed by looking at how market forces work to allocate scarce resources. Theory is applied to specific markets to bring the subject to life; markets which receive focus include: Labour Markets, Commodities, Healthcare, Sport & Leisure, Transport, Energy, Groceries, Consumer luxuries and Housing. Macroeconomics looks at how national and international economies operate. This part of the course looks at the major objectives of governments and explores how government policy can be used to improve economic performance. Students will gain an appreciation that these two areas of economics do not operate in isolation when interpreting data within case studies.
Getting Better at Economics
Students get better at Economics by having a thirst to delve deeper and always question. They will spend time studying current developments in economics by undertaking wider reading. This will enable students to talk and write more confidently about how the economic theory they are learning relates to the real world. Students can show they are confident Economists by producing well structured, concise and well- articulated answers which show they know how to manipulate and develop diagrams.
Students who have studies Economics should feel empowered to make judgements about the extent, impact and relative importance of both national and global issues. They will gain a wider understanding of different political perspectives to make informed judgments in their decision-making.
Accountancy, Journalism, Professional Economist, Civil Service, Stockbroker and Banking and Finance
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