Introduction

This course provides candidates with a comprehensive introduction to economic theory, focusing on supply and demand, economic activity, and globalisation. Candidates will learn how economic decisions influence markets, businesses, and society, examining both local and global economic impacts. The course covers essential concepts like trade, market growth, and the ethical implications of economic activities, preparing candidates to understand how economies function and how global trends affect economic stability. This foundational knowledge is invaluable for further studies in economics, business, and policy-making, fostering an appreciation for the complexities of economic systems.

Learning Outcomes

• Understand key purposes in terms of economic activity and key economic decisions.
• Know the main features of globalisation including benefits and drawbacks.
• Understand the importance of objective setting, morals, ethics and market share.