The course covers the following topics:

• Economic methodology and the economic problem.
• Individual economic decision making.
• Price determination in a competitive market.
• Product, cost and revenue.
• Perfect competition.
• The labour market.
• The distribution of income and wealth.
• The market mechanism.
• The measurement of macroeconomic performance.
• Data – How the macroeconomy works.
• Economic performance.
• Financial markets and monetary policy.
• Fiscal policy and supply side policies.
• The international economy.

Learning strategies:

• Investigations
• Case studies
• Decision making, role plays and data analysis
• Group discussions
• Learning diagrams and key terms
• Regular multiple choice tests and practice questions
• Applying economic theory
• Investigating and discussing what is happening globally
• Visits