Welcome to Economics
Economics at Nottingham free school
Why study economics?Well said, Joan! These are the words of economist Joan Robinson. Joan is a very scarce resource (a female economist). Put simply, an economy is just a group of people dealing with one another as they go about their lives. All situations are economic (involve a trade-off) because society's resources and time are limited. As the great economist Thomas Sowell once said, 'There are no solutions. There are only trade-offs'. Holding on to this truth, our students will study:
- How people make decisions.
- How people interact with one another.
- The forces and trends that affect the economy a whole.