Having an interest in the world that I live in and wanting to have a better understanding of the economy, I picked economics as one of my A-Level subjects. Discovering the importance and relevance the subject plays in society is what made me want to study it in higher education. I am particularly interested in how the different economic theories play a part in today’s world and about the mechanisms of the market. This led me to read “How Market Fails” by John Cassidy, which explains, explores and links the strengths and weakness of economic theories and how they played into the financial crisis of 2008. “The Truth about Markets” by John Kay and Reinventing the Bazaar by John McMillian both contain lucid explanations about markets and human activity, which further fuelled my interest in the topic. …show more content…
Through studying history I have a sound understanding of historical principles. History has helped me to gain an insight into different periods and to comprehend various historical concepts and factors, especially the economic related ones such as the Great Depression and the Industrial Revolution. Studying history means that I am able to apply historical knowledge of economics to my studies and this will undoubtedly aid my future study in this discipline. Chemistry has helped me develop a logical approach to problem solving as well as the ability to analyse abstract principles. Chemistry encourages imaginative and critical thinking, which is important because as a future economist, I have to be able to go beyond the simple description and evaluate the strengths and weaknesses of any situation. Economics serves as an introduction to the basic roles’ economics theories and ideas play in today’s