St Paul's Catholic College VLE: Courses
  • Economics is the study of choice. It examines how people choose to use scarce resources to satisfy their needs and wants.

    Studying economics does not require learning a substantial body of knowledge. A good economist is not someone who knows a lot. A good economist is someone who thinks a lot and whose thoughts are clear and logical. Economics analyses the problems of everyday life. Those problems are forever changing. The economist recognises that there are rarely simple answers to those problems and a variety of different possible outcomes are possible. It is the economist's task to present those possible outcomes in a clear and logical form.