Level 3 Economics

Why Choose Level 3 Economics?

Economics is about understanding how people, businesses, and governments make decisions – and how those decisions shape the world. It looks at production, consumption, and exchange, and explores questions like:

• How do businesses decide what to produce?

• How does government policy affect inflation, employment, and growth?

• What happens when markets fail?

This subject gives you the tools to make sense of major issues like unemployment, inflation, trade, budget deficits, and government spending – real challenges that affect our everyday lives.

Skills You Will Gain

Studying Economics at Level 3 helps you develop highly valued skills, including:
✅ Analytical thinking – Understand complex economic problems.
✅ Critical evaluation – Compare solutions and assess trade-offs.
✅ Decision-making skills – Learn to interpret data and predict outcomes.
✅ Research and communication – Present ideas clearly and persuasively.

These are the same skills needed in business, finance, law, public policy, and leadership roles.

What Will I Learn in Level 3?

Level 3 Economics is designed to prepare you for university-level study. You’ll explore:

1. Behaviour of Firms – How businesses compete and maximise profit.

2. Allocative Efficiency & Market Responses – What happens when conditions change?

3. Government Intervention in Markets – Why and how governments regulate markets.

4. Aggregate Economic Activity – The big picture: growth, inflation, and employment.

You’ll also apply theory to real-world examples, making your learning relevant and practical.

Why Take This Subject?

Economics opens doors to exciting careers in:
✔ Business and Management
✔ Banking and Finance
✔ Government and Policy
✔ International Trade
✔ Law and Consulting

If you want to understand how the world really works – and make an impact on it – Economics is the subject for you.