Course Code: 1XPR05B21
Start Date: 21/02/2022Day of the Week:
Length in weeks: 5
In its manufacture, sourcing, retail, trading and consumption, a car embraces a wide range of fascinating economic concepts and issues. We will look at economic theory through the various stages of car production. We will discuss steel as a raw material and commodity, its price, and look at the most competitive global suppliers. We will examine location of the car industry in the UK and throughout the world, changing patterns of location including Brexit issues. The crucial role of investment, research and development in the car industry will be covered as will the economics of large-scale production. Local and international labour markets will be relevant as will taxes, tariffs and the environmental issues relating to petrol v electric cars.