Year 12:
In your first year, you will develop a strong
understanding of both microeconomics and macroeconomics. Microeconomic
topics include: the basic economic problem, price determination in competitive
markets, production, technological change, market structures (perfect
competition, oligopoly and monopoly), market failure and government
intervention.
Macroeconomics topics include: government objectives, measuring macroeconomic
performance, theories and models of the economy, economic issues (inflation,
unemployment, economic growth), monetary, fiscal and supply-side policies.
Year 13:
The second year builds upon the economics
already learnt in your first year, considering economic concepts and theories in
greater depth and integrating understanding across topics.
Additional topics include: competition policy, labour markets, poverty and
inequality, financial markets, globalisation and international
trade.