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Nitheesh (Economics)

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Contrary to popular misconception, Economics is not about money. Instead, it is fundamentally the study of the how and why of decision making- at both the micro and macro levels. It permeates almost every aspect of our lives, and the range of problems it can be used to solve is truly extraordinary. Indeed, this is why I chose to study the subject at A level.   

My favourite aspect of the course is how it maintains a strong link to the real-world and its ever-changing landscape.  We often apply the economic models we have been taught to case studies and current affairs. Students also benefit from developing their critical thinking skills through analysing the world's pertinent economic problems. They will learn how to evaluate arguments as well as structure their own, using both qualitative and quantitative evidence, which is an important life skill.  

The topic I have particularly enjoyed is Behavioural Economics. This uses influences from Psychology to explain the multitude of cognitive biases we may fall victim to in our everyday decision making, which traditional Economics ignores. It reveals how people unknowingly make irrational decisions on a frequent basis, and how they can recognise these moments in order to make better choices.

The A level course lays the foundations of economic theory and for the type of analysis economists use, which is certainly helpful for those wishing to study the subject at university, such as myself. Its breadth provides the information necessary for people wishing to specialise in a specific field of Economics. Even those who do not seek further study of the subject will find it helpful in becoming a more well-informed member of society.