A scattering of world currencies featuring an orange and whit £10 note, a $50 bill and a purple Canadian bill.

GCSE Economics Revision Guide

Your Revision Guide for Economics GCSE The time for the General Certificate of Secondary Education (GCSE) exams is nearly upon us. Everywhere they're administered, the students who will sit them are doubling down on study time. Exams are students' last sprint towards the finish line of their compulsory education. Whether sick of school or looking[…]

13 March 20247 minutes to read

wallet inflation money

What is Inflation?

Every Inflation Question Answered Inflation is an ever-present problem in economics, and it has to do with the innate mechanisms of supply, demand, and the exchange of currency. While it has always loomed over our economies, both the growing and shrinking alike, it wasn’t until recently that it started to become one of the main[…]

29 November 20239 minutes to read

Money in piles on a table.

What Are Subsidies?

An Overview of Subsidies There could be no more aptly named programme than subsidies; a Latin word meaning 'help', 'assistance', or 'reinforcements' when used in a military context. However, these days, many people see subsidies as unnecessary meddling in economic matters. It's not just economists and political scientists saying that, either. Taxpayers are growing increasingly[…]

20 November 20238 minutes to read

A scattering of different currency coins from various countries, laying on a reddish-brown surface.

Understanding Dedollarisation and Currency Holdings

De-Dollarisation: Why the UK Should Diversify Its Currency Holdings For you and me and most everybody else, the world runs on United States dollars (USD). Seldom do we hear "It's a billion-pound industry!". The phrase is 'billion-dollar industry' no matter where in the world that industry's hub is and which currency the nation it trades[…]

30 October 20237 minutes to read

Want to Learn Economics?

Economics can seem like a daunting subject, but thanks to our excellent economic resources and talented economic tutors, you could become a modern-day John Maynard Keynes.

Superprof is the go-to place for Economics tutors. Whether studying for school, university or professional exams you can get the help you need from one of our 2000 economics tutors. Take private at home lessons or online Economics lessons to fit your schedule.

An aerial view of a shipping dock loaded with red, yellow and blue shipping containers and a body of water behind it.

Oil and Petrodollars in the Global Economy

Petrodollars and the Role of Oil in the Global Economy For all but our most senior readers, our world has been forever as we know it. We've never known another economic system or a time when the US dollar and Americanisms weren't everywhere. But we're fast approaching a multipolar world, one with a more equitable[…]

25 August 20237 minutes to read

The Shanghai Financial District viewed from the Yangtze River, with the Oriental Pearl showing red against the other buildings' grey facades.

BRICS in the Global Economy

BRICS and their Evolving Role in the Global Economy In some circles, the upcoming BRICS summit is all anyone can talk about. Leaders from Brazil, Russia, India, China and South Africa should meet in the latter country in August 2023. This will be their 15th summit since the start of their alliance in 2006. The[…]

25 August 20237 minutes to read

A row of two-storey houses, all the same design but painted different colours, mark their property lines with white picket fences and decorative chains.

The Impact of Rising House Prices on the Housing Market

How Rising Home Prices Affect the Housing Market Why are house prices rising? The answer is more complex than high-interest rates and price-gouging. Those factors play a role but are only a tiny part of the truth; they don't paint the whole picture. To give this question its proper due, we have to look at[…]

31 July 20237 minutes to read

Audiences are vital to money in the media

How Do Social Media Platforms Make Money?

How Money Flows Into Social Media Platforms How long ago was it that Facebook debuted? I remember my eagerness to create my account in those early days, so I could track and stay in touch with my scattered family and long-ago school friends. At the time, I thought it was wonderful that this new service[…]

28 April 20227 minutes to read

Russians are human too, despite what's going on right now

How the War in Ukraine Is Rattling the Global Economy

The Economic Impacts of War in Ukraine People start wars for all sorts of reasons. Sometimes they are provoked into war; other times religion or the belief that their nation is superior and they have to prove their belief by force prevails. All animals, especially the more evolved species, fight each other for resources, mates[…]

21 March 20227 minutes to read

Glasses, headphones and a laptop. The tools you need to take up an online economics course.

Learn Economics Online

Create Your Own Online Economics Course Students of every discipline must remember that coursework is only a small part of their overall education. The lion's share is, and has always been independent study. Thankfully for economics students and undergraduates, there are so many online tools available to help improve their economics knowledge and grades. Often,[…]

11 March 202212 minutes to read

A pile of open study books. Lots of A-Level students want to study economics at university.

Studying Economics At University

Is It Worthwhile Taking A Degree In Economics? Of course, this article's title is meant in jest. Besides higher education, in general being 'worth it', it's crucial that fertile young minds like yours, the kind that isn't afraid to come up with novel solutions to the world's most pressing problems develop a strong foundation in[…]

11 March 202213 minutes to read

Learn about economics

An Introduction To Economic Theories

What Is Economics? Economics is a broad area, with a lot of concepts and ideas that can be difficult at first to come to terms with. Below we introduce common theoretical concepts and areas in economics that you may see during your economics studies. To fully grasp them, though, we have to understand how and[…]

11 March 202212 minutes to read

We need sharp-minded visionary economists to find the way ahead

Basics of Economics

Fundamentals of Economics Other than climate change and the Coronavirus pandemic - two very real existential threats we face today, the economy is the prevailing topic du jour. That's a rather odd juxtaposition when you consider that either of the first two coming to pass would make the point of economics moot. Let's all breathe[…]

17 December 20217 minutes to read

An Introduction to Econometrics

Grasp The Basics of Econometrics The topic of econometrics came up while chatting with a friend the other day - yes, we talk like that a lot. She holds a degree in accounting and works in a government tax office; it would seem that she might know at least something about it, right? Colour me[…]

5 May 20217 minutes to read

An image of the coliseum, a prominent part of ancient Rome.

Economic History: From The Romans to 2018

Learn More About The History of Economics Economics is not a static field. While the laws of physics, chemistry or biology may be concrete, economic models and accompanying theories continue to evolve. This is because economics is a social science, and so there can never be any concrete answer as to which economic model or[…]

17 July 20187 minutes to read

Engage with lively, well-lit study materials rather than dry textbooks!

A Guide to Economics A-Levels

Your Complete Guide to A-Levels in Economics As though adolescence weren’t angsty enough! The social competition and finding one’s confidence, being overcome with a desire to make one’s mark on the world only to be constrained by parents and school teachers and social mores... On top of all that, you have to prepare for a[…]

25 June 20187 minutes to read

Where to find an Economics tutor in the UK

Find an Economics Tutor in the UK

Where to Find an Economics Tutor Anywhere in the UK Let's say you are preparing to sit – or just have sat your A-Levels, or you have enrolled in an undergraduate program in Economics at university in anticipation of a fascinating and lucrative career. Sadly, you will have to face the fact that Economics suffers[…]

18 June 20189 minutes to read

New York is a great place for budding economists to visit to learn economics basics.

Economics for Dummies

Getting Back to Economics Basics Economics can be a difficult subject to define and understand. Below, we take you through the key things you should know about economics. What Is Economics? Economics can be notoriously difficult to define as a subject, which is not particularly helpful if you’re currently studying economics at school or university.[…]

5 June 20186 minutes to read

A pile of top economics books.

Economics in Popular Culture

Learn More About The Most Famous Economists and Their Theories If you’re studying economics at GCSE, A-level, or if you’re an economics undergraduate at university, there are lists upon lists of famous economists, economic works, as well as economic theories that you’re expected to understand. In fact, some would say it's a common assumption that[…]

29 May 20186 minutes to read

Economics tuition can help you succeed

Taking Economics Lessons

Improve Your Performance with Economics Tutors If you need help in your economics course, or just want to move up a grade in your exams, then getting an A-level economics tutor may be the easiest way to improve your academic performance. We’ve outlined below all the things you may need to think about before you[…]

14 May 20187 minutes to read

Often studied by individuals at UK-based universities, economics is a topic of study that is encompassed in the social sciences and that analyzes the production, distribution, and consumption of goods and services. The Economics of countries and companies are reviewed so that they can be improved. Truthfully, economics takes into consideration many aspects of everyday life. So, why not start studying economics?

Why Study Economics?

With so many academic disciplines to study and review, you might be asking yourself, why take the time to revise economics? There are irrefutable motives that might convince you to do so. Such as? Firstly, whether you decide to work as an economist or not, studying economics allows you to improve your vocabulary and learn terms that are commonly used in financial vocabulary like scarcity, opportunity cost, and equilibrium, to name a few. Secondly, when studying economics, you collect an understanding of your general spending habits. Knowing why and how you spend is the first step toward creating a budget for yourself and spending within your means. Thirdly, graduates of economics are well-liked by employers of all sectors and that’s because economics is all around us and they touch on other topics such as maths, psychology, history, and sciences. What are you waiting for? Start learning economics today! 

What are the Primary Concepts of Economics?

To make studying economics more attainable to all learning types, the primary concepts of economics are broken down into smaller sub-disciplines. Such as? It’s important to state that economics is divided into two branches: macroeconomics and microeconomics. Between these two branches, there are many topics and specific genres such as classical economics, Neo-classical economics, Keynesian economics, Monetarist economics, Austrian economics, and Marxist economics, to name a few. Every sector of economics has its unique theories and overall purpose. Also, some categories of economics have existed for centuries; so, you’re getting a history lesson at the same time.

Is Economics Studied at UK Schools?

Topics such as sciences, maths, foreign languages, and history are standard in both primary and secondary schools across the United Kingdom. But, what about economics? It’s worth stating that economics is too complex of a discipline to discuss with elementary school students. Also, at the GCSE stage, the majority of examination boards don’t offer economics. Nonetheless, the AQA and Cambridge exam boards have A-Level Economics as an option for students who are preparing for university studies. Most economics courses in the UK are reviewed at a university level after students have expressed interest in mathematics and social sciences at a high school stage. Popular further education centres in the United Kingdom that offer top-grade economics courses include the London School of Economics, the University of Oxford, the University of Cambridge, and the University of Leeds, to name a few. 

Tips for Studying Economics

Whether you’ve decided to learn economics with a private tutor as an adult learner or you are currently in the middle of your economics BSc degree program at a UK-based university, suggestions on how to study are a great help. But, what are the best tips to consider and apply when studying economics? While there are many, let’s consider three. Firstly, to succeed in future exams, you’ll need to consistently review your class notes and textbooks. We greatly suggest doing some quick review sessions after study periods to ensure that your mind has assimilated the information. Secondly, when studying economics, it’s a good idea to join or create a study group with other like-minded students. The give and take between you and your classmates will help balance your learning experience and fill any gaps that you have in your knowledge. Also, it’s really fun! Thirdly, take baby steps and master material as you go. The field of economics is quite varied and there are many topics to consider. Therefore, to prevent yourself from getting overwhelmed, focus on one or two topics at a time. We’re positive that all three of these learning tips will enhance your moments studying economics. 

In conclusion, studying economics is a worthy endeavour that will grant you knowledge of the transfer of wealth in the modern world.