These courses enable learners to gain recognition for the achievement of considerable knowledge in a range of subject areas, as for example in the Leaving Certificate and one-year Post Leaving Certificate courses.
Courses may be academic or practical in focus, and awards that are recognised by the National Framework of Qualifications may lead to progression opportunities higher up in the framework.
The majority of people with certificates at this level are well prepared for occupations that involve using their knowledge and skills to help others. Examples include office secretary, customer service representatives, special needs assistant, retail salespersons and childcare workers.
Leaving Certificate economics provides students with the knowledge and skills necessary for understanding how the Irish and global economy functions. The learning experiences in economics develop students’ critical thinking, problem solving, decision-making and numeracy skills. Economics provides students with a learning foundation for a wide range of careers in business, economics, finance, enterprise and management.
Why Study Economics
Economics deals with the real world business obstacles such as demand and supply, production and consumption, money and banking as well as economic policies, problems and conflicts. With inflation and international trade and payments constantly making headlines, economics requires its students to keep track of real world situations.
It helps students to develop a clear understanding of the role of economics, to encourage the development of appropriate learning skills, and to generate in students a positive and ethical attitude to economics in personal, business and public life
What kind of student might Economics suit?
|Note: Students are not allowed to have a subject combination of Agriculture Economics and Economics for Leaving Certificate.|
This subject is suited to students who are willing to work hard and caters for all abilities. It is not necessary to have studied business at Junior Certificate to study Economics but it would be helpful. Ideally, students should have a general interest in how the economy works and be interested in current affairs. It would be important to be listening to the news and reading the daily papers.
Students show a distinct preference for questions about micro-economics, such as household budgets, rather than macroeconomics, which deals with broader issues, like inflation and growth.
To perform well in the macro-economic questions at higher level, candidates need a good knowledge of contemporary economic issues in the Irish economy and an ability to apply the relevant economic theories to particular issues.
This subject teach the skills and knowledge needed to understand how business works.
Economics is regarded as the most practical business subject and is the study of how people manage limited resources such as money to meet their goals. By understanding the reasons why people spend their money in certain ways, economists can try to introduce incentives to change their behaviours. As a discipline, economics is divided into two broad categories:
Microeconomics considers how individual people decide what goods they are willing to buy or not buy based on maximising their personal 'utility' (getting as much benefit as possible from their money), and how firms and businesses will try to take advantage of consumers' habits to maximise profit. It also examines how multiple businesses in a market will price their goods based on their competitors and their various costs.
Macroeconomics considers how governments handle the economy as a whole - how they select policies which meet their goals, such as stable economic growth (avoiding recessions), minimising the national debt, and encouraging employment. How the government handles issues such as fiscal policy (how much money flows in the economy), international trade, and banking all have implications for economics stability and growth.
The subject is concerned with understanding the workings of a modern economy from both Macro and Micro level. Leaving Cert economics consists of eight main examination question areas:
The exam can be taken at both Higher Level and Ordinary Level
The Leaving Cert economics programme can be an advantage for students considering third level courses with an economics element to course content. It is also useful for careers in Banking, Insurance, Finance, Marketing, Politics, Journalism, current affairs and all aspects of business.