Economics explores the way in which consumers, firms and governments make decisions on alternative ways of spending their money and using their skills, energy and time. It is also concerned with interactions between these groups and how their decisions affect the standard of living and well-being of society.
The course may be divided into two sections.
1. Macro Economics – dealing with how governments implement their budgets and the consequences of their actions.
2. Micro Economics – dealing with the economic behaviour of individuals, households, and firms.
In the case of both Business and Economics no previous knowledge of Business Studies is required from Junior Certificate. However it is helpful if the student is interested in issues of financial and economic debate as found in the daily newspapers.
Careers include Banking; Economist; Insurance; Journalist; Management.