Economics affects our daily lives. Continually we are being made aware of local, national and international economic problems, and continually we are faced with economic problems and decisions of our own.
Many people think Economics is all about money, and to some extent this is true. Economics has a lot to do with money; how are wage levels in an economy decided, how much people spend, what it costs to buy various items, what level of profits can firms earn. But economics is about much more than just the study of money. It is the study of how best to satisfy unlimited wants with limited resources.
Economics is the perfect combination of numbers and words, problems and essays, calculations and interpretations. Economics is both an art and a science and it is at the heart of decisions for households, businesses and government. A study of economics helps you understand on what basis important decisions are made at all levels and their potential impact on our society.
The department encourages students to develop a range of key skills such as written, analytical and problem solving, research, communication, team working and political awareness. Students will have the opportunity to take part in a wide range of activities to enhance their learning experience such as visits to local and national organisations as well as organising fundraising and charity events. They will also have the opportunity to participate in regional and national economic competitions