Key Stage 4:
GCSE Economics provides a foundation in the core principles of economics that will allow students to both interpret the world as economists and progress to further study in the subject. The course examines the economy through three units: microeconomics and how markets work; macroeconomics and the UK economy and finally international economics and globalisation.
Key Stage 5:
Economics as a subject comes from the basic economic problem that we are trying to solve every day: people have unlimited wants (everybody wants lots of things) but resources are scarce (there is not enough of everything to go round). The job of an economy is therefore to decide WHAT resources should be produced, HOW these resources should be produced and WHO the resources should go to. The Pre-U course covers all of the core areas of economics including microeconomics, macroeconomics and international economics.