Topic outline
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Introduction to Economics
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In this Introduction to Economics taster course you will complete the following.
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Introduction
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Welcome to this short Introduction to Economics course. This will help to prepare you for when you start your course with us at Gower College Swansea and give you an opportunity to brush up on some of your skills!
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Video
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Have a look at this YouTube video.
Here’s a quick summary of the things covered in the film:
Economics is a unique A-Level subject, as it is one of the very few subjects that a limited number, if any, students would have studied before joining us here at Gower College Swansea. Therefore, it is imperative that we introduce you to the basic concepts of Economics, before we begin to study some more advanced theories and concepts. This YouTube video gives a quick snapshot of some of the concepts we will look at in your first few weeks of lessons, as we discuss what the terms “Economics” and “Economy” actually mean.
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Here is a list of the broad topics you will be studying during your first year in your Economics classes:-
- Elasticity
- Labour Markets
- Market Failure and Government Intervention
- Scarcity and Choice
- Macroeconomic Theory
- Macroeconomic Objectives
- Fiscal, Monetary & Supply-Side Policy
- Trade and Exchange Rates
If you would like to do some reading around these topics before you start, there are plenty of videos on YouTube and a lot material online. Just be sure to add “A-Level Economics” before the topic you are searching.Thank you for completing this short introductory course for Economics, we really look forward to meeting you very soon! -
Quiz
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Extended Reading
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Would you like to learn more about Economics, then have a look at some further resources and reading below:
- A website with many A-Level Economics resources https://studywise.co.uk/a-level-revision/economics/
- The WJEC A-Level Economics Resources Website https://www.wjec.co.uk/qualifications/economics-as-a-level#tab_overview
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Here are some videos that might interest you.
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