The subject is normally divided into microeconomics and macroeconomics, both of which involve debate on areas of current affairs.
Microeconomics looks at problems as they affect individuals and companies. What do we spend our money on? Should we have a National Minimum Wage? Why are nurses and teachers so poorly paid? Why is Wayne Rooney paid so well? What can be done to reduce carbon emissions? What should be the role of the state in a mixed economy?
Macroeconomics looks at the big economic issues facing the government. How can we reduce high levels of unemployment? How much of a problem is Government Borrowing? What is the best role for the Bank of England? What is the future of the Eurozone? What are the benefits and drawbacks of being in the European Union? What can we do to take advantage of the growing Chinese economy?How concerned should we be about deflation? What role should government play in regulating financial markets?