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ECONOMIST: 2025 All you need to know about Economics
WHY ECONOMICS? WHAT MAKES IT SO IMPORTANT?
Economics is, without a doubt, one of the oldest and most interesting subjects in human history. It has shaped and formed civilisations, and is the foundation for human collaboration, trade and progress. It has been present since the time of ancient civilisations like Rome and Egypt, and has moulded society into what it is today. By its nature, Economics is relevant to a whole host of other subjects, and is useful in topics like industrialisation, climate change, political agenda and scientific developments. No matter what subject you take or profession you work in, knowledge of economics can be helpful.
WHAT IS ECONOMICS? Economics can be defined as the study of how a society organises its money trade and industry, and how a limited amount of resources can be allocated within societies unlimited demand for resources.
The study of Economics emphasises the importance of economic issues in a modern society and seeks to encourage an understanding of the world in which we live today and the economic forces that shape all our lives. Economics is an excellent subject for developing personal transferable skills such as the skills of analysis, application and evaluation. It is intellectually robust and of contemporary relevance. In this newsletter the Year 12 A Level Economics Students have demonstrated the breadth of topics that are influenced by Economics and why it is such an important and vital subject to study today.