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What is economics?

In this regular column, Peter Smith offers some guidance on tackling examinations in economics

Why should China’s high demand for oil lead to increased oil prices?
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Welcome to another year of Question and Answer (Q&A to its friends). This column offers advice and guidance on how to prepare for the examinations in AS and A-level economics. For those of you studying at AS, you are probably meeting economics for the first time, and it is as well to know what is in store for you in the coming months.

So what is economics? And why do economics examinations need special treatment? You enter a world of discovery when you set off on the journey to study economics. Economics is about the world in which we live, so the subject matter surrounds us. However, economics offers a way of thinking about that world, and if you are drawn into this way of thinking, it will affect your approach to it. If you want to be successful in economics exams, you need to foster this new way of thinking.

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Quantitative easing and baby-sitting cooperatives

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Why do people work?

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