This unit looks at society as a whole and how economics relates to the big picture. The unit considers banks, Governments, businesses, and even other countries. The application of economics is extremely wide. The student is expected to understand how economics used in the big picture affects us.

The course work and assessment approach adopted for this course will be a simple ongoing assessment, which will involve answering several multiple-choice questions at the end of each unit. At the end of the course, students will be able to test their understanding of the course content by attempting several scenario questions. Scenario questions have been designed to test the student’s understanding of the course by placing the student in scenarios where they are required to apply economic concepts to reach desirable outcomes. The student is free to apply any economic theory they choose. Students are free to apply knowledge from outside the course or even outside of economics if it helps. Economics has a tendency to borrow theories from other subject matter.

This unit introduces the key theories section of this course. At this point, the course aims to introduce the student to some of the most important and most applied theories in economics. This unit is not particularly detailed but aims to give the student a feel for the next 6 to 7 units in the course.

This unit continues exploring macroeconomics. In this unit, intervention is explored. Monetary and Fiscal policies are explained. The unit explains when these policies are used as well as the expected effects of such policies. The unit takes a quick look at income inequality and how it is handled. The unit also briefly describes international trade and its importance to economic growth. The unit ends by providing some brief theory about economic growth. At the end of this unit, students should understand how economic policy is applied as well as some of the negative effects.