Economics is about the basic economic problem of scarcity and choice and its impact on society. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and businesses. An economic way of thinking can help learners make better choices relating to their life and work. The main purpose of the Course is to highlight how important economic concepts, government policies and global trade are to our everyday lives. It will build on learners' own experiences as consumers and, in addition, help them to interpret economic situations through the application of these concepts.

Skills Developed

  • Expand and deepen understanding relating to how markets work and how they affect our daily lives
  • Develop an in-depth understanding of economic problems and the ability to explain those problems and consider possible solutions to them
  • Develop confidence and decision making by providing opportunities to use initiative in solving economic issues
  • Extend numeracy skills by analysing and interpreting relatively complex economic data from a range of sources, such as tables, charts and graphs
  • Extend skills of reasoning and critical thinking by providing economic solutions to a range of economic problems and analysing complex economic information

Famous people who have used Economics to get ahead in life include: Arsene Wenger, Connie Huq, Cate Blanchett, Ivanka Trump, Karl Marx, John Maynard Keynes and Milton Friedman.

Jobs Connected To Economics

  • Chartered Accountant
  • Actuarial Analyst
  • Data Analyst
  • Economist
  • Forensic Accountant
  • Forensic Accountant
  • Investment Analyst
  • Statistician
  • Stockbroker
  • Management Consultant
  • Quantity Surveyor
  • Data Scientist
  • Teacher