Any student with an interest in contemporary social and economic conditions could benefit from an AS or full A-Level course in Economics. At the end of the course candidates should have an understanding of what is known as ‘micro-economics’ – the allocation of scarce resources in the process of production within and between countries, and the interaction of supply and demand which fixes the prices of goods and services. They should also have an understanding of ‘macro-economics’, which is concerned with questions of unemployment, national income, budgetary policies and similar topics.
No previous knowledge of the subject is required, but a readiness to read widely and think analytically is essential. Economics combines well with several other subjects. It is especially useful for those considering degree courses or to pursue competitive degrees and careers in Banking, Accountancy, Business and Management, Marketing or Economic Analysis.