Economics
Economics is the exploration of the key question of allocating scarce resources to meet the unlimited wants. The study of economics provides a framework for understanding societies and the directions they take as they develop from subsistence to complex nation states.
Economics at Dickson College has a strong emphasis on contemporary issues. When undertaking the course, students examine how nation states deal with economic realities to provide for the needs of its citizens. Students in Economics also study the complex relationships between individuals, groups, businesses, and governments that are at the heart of our economic system, as well as interpreting the implications of decisions, and how potential challenges to an economy can be effectively managed. Students are also provided with opportunities to engage with extracurricular activities, such as excursions, to support and improve their understandings in Economics.
The Economics course is divided into a number of units that progressively build on skills and understanding. Electives of study within the units generally include:
- Microeconomic Foundations
- Macroeconomic Foundations
- Debates in Microeconomics
- Debates in Macroeconomics
In studying Economics, students will be introduced to the fundamental principles of economics (e.g. price elasticities, aggregate demand and aggregate supply), and the social, psychological and political forces that have shaped the discipline and practice. They will then progress in Debates in Macroeconomics and Debates in Microeconomics, for example, to explore the broader factors that would affect the growth of an economy through Solow-Swan growth model. Students can also complete units that look at contemporary issues (e.g. Game theory and theory of the firm) and interactions that shape economies on a national and international scale and/or how economic strategies underpin nation building and the alleviation of poverty.
The course is offered at Tertiary level and Accredited level. There is an emphasis on research work with students being assessed via research assignments, essays, critical reflections and exams.
The course content learnt and skills development from studying economics provides a valuable compliment to other courses offered in the college and will enable students to pursue a range of educational pathways and careers.