Economics is about choice and its impact. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and businesses. An economic way of thinking can help learners make better choices relating to their life and work.
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The Course looks at the role of government, business and global trade. It explores the economic environments in which they are set.
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The main purpose of the Course is to highlight how important economic concepts, government policies and global trade are to our everyday lives. It will build on learners’ own experiences as consumers and, in addition, help them to interpret economic situations through the application of these concepts.
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A main feature of this Course is the development of numeracy and thinking skills. Learners will be able to understand and make use of economic information to analyse, interpret, predict and explain the actions of individuals, businesses and governments to various economic situations.
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