I have studied Economics at University so have some kind of understanding what it's all about I think. One definition of this subject is to do with scarce resources and how they are allocated. Economics is a social science which aims to try to find the best or most efficient way of allocating these scarce resources. This means there are a number of choices available to people (economic agents) in choosing the best way to allocate these scarce resources which include things such as land, labour and capital. Economics has two main strands which are Microeconomics and Macroeconomics. Microeconomics is concerned with a firm/company and how it operates ...  Read the complete review

The case for the imposition of environment standards Businesses want to make a profit therefore try to keep costs as low as possible. There are some costs, which clearly have to pay for, but there are others, which they can avoid. These are known as private costs and external costs. Private costs clearly have to be paid for by a business such as the running of the factory, office or shop. They are itemized in the accounts. However external costs are the costs neither the buyers nor the company pay for directly. For a business running a factory, this can be applied to which the pollutants it emits into the atmosphere. It’s a common case that businesses try ...  Read the complete review

No not that type of model economics isn't that interesting but it's not a bad A-level for people who are interested in how the country works. I've done economics for a year now and have found it quite interesting certainly more so than some of my other subjects. The best reason to choose economics a level is that it is relatively easy. If you have a knowledge of the world around you then you should do well. I would recommend economics for anyone who is interested in the world but I hope you get a good teacher. The exams are easy when compared to other a levels and you should be able to get good grades. ...  Read the complete review

I've read Duncan's excellent opinion here so I'll try not to repeat too much of what he's said (although some repetition will be inevitable). I've just come to the end of two years of studying Economics at A Level, and thoroughly enjoyed it. This opinion is primarily aimed at those who are considering taking up the subject, either at this or another level. I have split the opinion into chunks under various headings, which will hopefully make it easier to skim through if you so wish. INTRODUCTION Economics is the study of human economic behaviour, and explains and predicts much of what goes on in the world around us. It is a ...  Read the complete review

Economics A-level has a reputation for being a rather boring A-level. However, having taken A-level Economics I think this reputation is not well deserved. In this opinion I will try and answer some of the questions that someone choosing A-levels might have and I will try and give an impression of the course in general. What is the course about? Economics A-level is a 2-year course. Economics is the study of how the economy works and what predictions we can make about the behaviour of groups of people. With A-level Economics you will study two different aspects of Economics, Microeconomics and Macroeconomics. Microeconomics studies economic ...  Read the complete review