An economics program for teens on a university campus in Oxford

In a world of unlimited wants and limited resources, economics helps us understand how individuals, businesses, and governments make critical decisions. This course explores the consequences of those decisions by examining issues such as taxes and inflation, interest rates, wealth inequality, emerging markets, and the intersection of energy and the environment. By studying these topics, students will gain insight into the economic forces that shape our daily lives and the broader global landscape. Whether it’s personal spending, corporate strategy, or national policy, the course provides the essential structure to understand how our world operates and how different actors strive to meet their goals.

Through an in-depth exploration of fundamental principles—like scarcity, opportunity cost, supply and demand, and the role of incentives—students will build a strong foundation in economic theory. The course also covers consumer behavior, market dynamics, price determination, global trade, exchange rates, and economic development. By the end, students will not only grasp how economic systems function but will also be equipped with practical tools to interpret and influence economic decision-making. This versatile knowledge can be applied across a range of fields, including finance, business, public policy, and academia, making economics both a relevant and empowering discipline.