On May 7th 2015, a UK Parliamentary general election took place to decide the future of its political leadership; the key topic for debate is once again the Economy. The Labour Party manifesto decries the “slowest economic recovery in over a hundred years” under the coalition, instead promising to increase the national minimum wage, and focus on tax avoidance to achieve a budget surplus should they reach power. The Conservative Party’s long-term economic plan, however, claims to be building “a stronger, healthier economy – and securing a better future for Britain” through cutting income tax, reducing immigration and investing in education.

Who would you vote for? Why?

In A-Level economics, we will tackle these key questions: in our study of Macroeconomics we will concern ourselves with understanding and questioning these large-scale economic factors effecting whole countries and the world, including interest rates and productivity. In our study of Microeconomics, we will look closer to home, at the actions and decisions of individuals and groups including questioning how are prices set, and why? How do producers know how much to produce? Why are some markets inefficient, and what does the Government do to intervene?