Most subject leaders will claim that everything is explained by the curriculum area they curate. In the case of economics as we approach the middle of the twenty-first century, such a claim seems justified. Wherever you look, the problems we face are economic ones. As we write the entry for this prospectus, the news is full of questions such as
what will be the impact of Brexit on our standard of living?
is President Trump right to impose tariffs on Chinese and European goods?
how do we negotiate a materially comfortable future without further harming our natural environment?
are the new technology giants too powerful?
Studying economics will address these and many other questions, as all are based on the central economic problem, the juxtaposition of unlimited human wants with scarce resources. Answers are contested, but the subject endeavours to give students a framework for thinking through these extremely important dilemmas.
One of the main reasons the subject is so highly valued by employers is because of its almost unique blend of mathematical analysis with rhetorical argument. The discipline allows students to hone their persuasive writing skills, and to use mathematical and diagrammatic methods to convey their contentions.
Theme 1: Introduction to markets and market failure
Theme 2: The UK economy performance and policies
Theme 3: Business behaviour and the labour market
Theme 4: A global perspective
100% examination; three examination papers, each two hours long.
Students completing the economics course may choose to continue at university where the subject is very highly regarded. Economics can be studied as a single subject degree, as business economics or mathematical economics. It can also be combined with other subjects such as politics, philosophy or history as a joint degree. Most universities ask for maths if studying pure economics. Post university employment rates of economists are among the highest for graduates. An economics degree can lead to careers in finance, banking, journalism, insurance, accountancy, management and consultancy. Many students go on to study economics or related subjects at Russell Group universities.