How markets work
Business and labour economics
Why do businesses start? What is the role of the entrepreneur? How do
competitive markets operate? What factors limit competition? How do
transnational companies avoid taxes? How do businesses maximise profits? Are
profits the only objective of businesses? Should business be regulated? What
determines wages? Why are some workers paid much more than others?
The national economy
The global economy
How does the global trading system work? What factors have promoted globalisation? What are the costs and benefits of free trade? How do economies develop? What factors limit their development? Is globalisation a force for good? Why are some countries more competitive than others? Why do countries get into debt? What happens when China stops growing?
