What is Economics?
Economics is a social science that studies the production, distribution, and consumption of groups and services within societies, governments, business, households and on an individual level. It involves developing, and using conceptual models of behaviour to predict responses to change and aid in decision making. The subject employs ideas and techniques from many other disciplines such as history, sociology, mathematics, statistics and philosophy.
What qualifications do I need if I want to study Economics at University?
To study Economics at university you will need to have studied mathematics at A Level (or equivalent). You should however always check the website of the University/ Department that you are applying to.
What kind of skills will I gain if I study Economics?
An Economics Degree will provide you with many different skills, such as:
• Understanding complex arguments
• Analysis of practical issues
• Analysing Data
• Communication Skills
What kind of career will I have if I study Economics?
People who have studied Economics follow careers in many different sectors. Many students continue their education and complete Masters degree courses and PhD’s. Many graduates go on to professional training in chartered accountancy, actuarial work and similar fields. Others are employed by financial institutions, or as professional economists in industry, government and management consultancy.
These online resources will introduce you to some perhaps familiar (if you study Economics at school) and then unfamiliar concepts in microeconomic
The field of behavioural economics is devoted to studying how individuals actually make choices. It uses insights from psychological research to understand how market decisions are made, and the factors that drive public choice.
Game theory is the study of strategic interaction between interdependent decision makers. It can be used to illuminate a variety of economic problems, such as how firms make pricing, production, and investment decisions, and how to fund public goods. It has applications throughout many subjects including politics, finance, marketing, and even defense.
To an economist, rationality can be boiled down to a rather simple yet fundamental set of assumptions: when making choices, individuals are assumed
Before you dive in to this resource, it is recommended that you first familiarise yourself with the content of the associated resource ‘An Introduc
The economics you may have studied so far suggests that there are important relationships between individuals, firms, and governments.