Leaving Certificate Economics provides students with the knowledge and skills necessary for understanding how the Irish and global economy functions. The learning experiences in economics develop students’ critical thinking, problem solving, decision-making and numeracy skills. Economics provides students with a learning foundation for a wide range of careers in business, economics, finance, enterprise and management.
Why Study Economics?
Economics deals with the real world business obstacles such as demand and supply, production and consumption, money and banking as well as economic policies, problems and conflicts. With inflation and international trade and payments constantly making headlines, economics requires its students to keep track of real world situations.
It helps students to develop a clear understanding of the role of economics, to encourage the development of appropriate learning skills, and to generate in students a positive and ethical attitude to economics in personal, business and public life
What kind of student might Economics suit?
- Anyone considering a future career in any area of business, journalism, communications or finance
- Students who enjoyed Junior Cert Business.
- Students who take an interest in politics, current affairs, or psychology.
This subject is suited to students who are willing to work hard and caters for all abilities. It is not necessary to have studied Business Studies at Junior Cycle to study Economics but it would be helpful. Ideally, students should have a general interest in how the economy works and be interested in current affairs. It would be important to be listening to the news and reading the daily papers.
Students show a distinct preference for questions about micro-economics, such as household budgets, rather than macroeconomics, which deals with broader issues, like inflation and growth.
To perform well in the macro-economic questions at higher level, candidates need a good knowledge of contemporary economic issues in the Irish economy and an ability to apply the relevant economic theories to particular issues.