What does Economics involve?

Economics studies how scarce resources are best distributed to satisfy our infinite needs & wants

You will study economic issues ranging from unemployment & job creation, the Euro, the EU, the EMU, Third World Issues, Taxation, Interest Rates, Government Economic Policies & the performance of the economy.

What will you learn about in Economics?

Micro-Economics:

  • Demand & Supply which influence price.
  • The study of individual markets ie: buyers & sellers agree on a price. Eg: Monopoly, Perfect Competition etc.
  • Factors of Production – Land, Labour, Capital & Enterprise.

Macro-Economics:

  • Economic Variables: Unemployment, Inflation, Exchange Rates, Level of Economic Activity, Taxation & Interest Rates.
  • Banking – how the banks create money etc
  • International Trade & the European Union.
  • Role of the Government in the Economy.