Should we be building new hospitals or new schools? How does a nation create wealth? Who pays for the welfare state and why? How do governments decide how to spend our taxes? Economics is concerned with the problem of scarcity – how to meet infinite wants with finite resources. Who would it suit? Do you have a questioning mind? Are you interested in the world around you? Do you enjoy reading, formulating hypotheses, testing others’ models, analysing numbers, and arguing a point? Do you watch the news and read the papers daily? If you have an interest in current affairs this is the subject for you. What will you study? You will study the following themes: Markets and market failure; the UK economy; Business behaviour and the labour market, and the global perspective. This comprises microeconomics (looking at demand and supply and the behaviour of individuals and firms) and macroeconomics (dealing with issues of growth, inflation and unemployment). Some of the questions you will study are: Why did the international economy nearly collapse in 2007? Why do some essential items cost less than luxury items? What impact will Brexit have on the UK economy?
Name: Economics Qualification title: - Qualification type: GCE A/AS Level or equivalent Assessment Awarding - Created 20161011 12:37:50 Updated 20161017 10:56:12
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WALDEGRAVE SCHOOL
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