A modern definition is that economics is about how people respond to incentives in the environment in which they find themselves. Traditionally economics is about scarcity and choice. The planet has scarce resources and economists are concerned about using these resources in the most efficient way. If we make the best use of the resources, it is in all our interests. Economics develops theories that allow us to understand the complexities of the real world and help us to use the resources of the world more efficiently. Areas studied include markets and market failure, government economic policy, environmental economics, the housing market, the Euro, business economics, international economics, fiscal policy and monetary policy. Economics will help develop analytical and evaluative skills that will help students to improve their personal financial position throughout their lives.
Name: A Level Economics Qualification title: - Qualification type: GCE A/AS Level or equivalent Assessment Awarding - Created 20150925 16:44:32 Updated 20161019 11:00:06
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Invicta Grammar School
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Huntsman Lane Town: Maidstone