Economics is the study of how consumers, firms and government make decisions that together determine how resources are allocated. An appreciation of economics and the general workings of the economy has become increasingly necessary to make sense of governmental policy-making, the conduct of businesses and the enormous changes in economic systems occurring throughout the world.
We do not expect applicants for PPE, Economics and Management, or any other course involving economics to have studied economics at school – although some applicants will have done so. Before deciding to apply for a degree that includes economics, you should try to find out as much as you can about the subject and whether it will interest you. See our Reading Suggestions for a list of books, magazines and blogs.