Please see our Entry Requirements page for general entry requirements guidance.
The course is split into two distinct areas:
Individuals, firms, markets and market failure
The economic problem and economic methodology
Individual economic decision making
Price determination in a competitive market
Production, costs and revenue
Perfect competition, imperfectly competitive markets and monopoly
The labour market
The distribution of income and wealth: poverty and inequality
The market mechanism, market failure and government intervention in markets
The national and international economy
The measurement of macroeconomic performance
How the macroeconomy works: the circular flow of income, Aggregate Demand/Aggregate Supply analysis, and related concepts
Financial markets and monetary policy
Fiscal policy and supply-side policies
The international economy
Economics combines well with Maths, Business Studies and the Social Sciences.
Paper 2: National & International Economy
2 hour exam, one data response question and one essay.
Paper 3: Economic Principles and Issues
2 hour exam, 30 multiple choice questions and one case study question.
The course will prepare you for higher education economics courses or can form a component of a joint degree with a wide range of other subjects. Possible careers could include working in financial markets, business management and corporate law.
Whilst every effort has been made to ensure the accuracy of the information contained in this webpage, the content is subject to change where necessary.