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Mander Portman Woodward A Level Economics
Mander Portman Woodward

A Level Economics

90-92, United Kingdom

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English

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Introduction

By studying Economics at A level, you will consider issues such as these in depth. You will look at the operation of markets on a national and international scale and think about their virtues and vices. You will consider how businesses function and the role of the financial sector in a society. The course will leave you with a clear understanding of the complex forces that shape our society in the context of wider social and political themes.

We have finite resources. What should we produce? How should we produce it? For whom should it be produced? Economics seeks to answer these basic but profound questions about the creation and allocation of goods. The familiar and dominant paradigm today is the market. Where there is free trade and a free flow of information, the laws of supply and demand will ensure optimum pricing. Such is the theory. Some would argue that the manifest disparities between rich and poor across the world show that it does not work in practice. Nor too, they would add, does it address the "side effects" of production and consumption. The phone-maker may find a happy market of phone-buyers but what should be done about the pollution the phone factory produces? Ought governments to intervene? If so, to what degree?

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