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What is Economics?
Economics studies the problem of scarce resources alongside the unlimited desires of humans and society and is studied from two perspectives. Microeconomics deals with how markets work to set prices and how economies deal with failures of the market mechanism, whilst macroeconomics deals with the wider economic problems faced by government such as achieving economic growth and managing inflation. In understanding the basics of economics you can then apply this to the wider political and social environment and understand their value and limitations in explaining real world phenomena.
As economic activity is diverse, lessons will involve discussion and debates about current and topical economic issues, exam practice, group work, computer research and data analysis. For more information about choosing A-level Economics, this is a great video.
The A-level provides you with the basic knowledge and understanding of the essential aspects of economic theory and concepts, whilst you'll also develop an 'economist's mind' and way of critical thinking and analysis. You'll also be able to use the concepts you've learnt to develop an understanding of current economic issues, problems and institutions that affect everyday life. After the two years you'll be able to analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within it.