This subject is only offered at A level.  Its main concern is that there are scarce resources in the world and yet infinite demands on them.  The AS course looks at how resources are allocated through the theory of market operations, why markets can fail and how government interference can make situations worse.  We continuously refer to real world situations. For the A level a more global approach is adopted where we study trade patterns and developing countries.  Bodies such as Trade Unions are considered.

Topics covered along the way are: inflation, unemployment, balance of payments and exchange rates.