Last Monday, 12 October 2020, the winners of the Economic Nobel Prize for this year were announced. Milgrom and Wilson shared the prize for their work on auction theory. Auctions are a microeconomic topics, which will be studied in the third year microeconomics module. If you are interested, you can have a look at chapter 18 of your book.
At the moment there is still a lot of uncertainty with regards to the impact of COVID-19 and Brexit, which makes it harder to predict how the UK economy will recover. The unemployment rate is increasing for the UK, although the Scottish unemployment rate remained the same over the summer. The UK GDP growth was lower in August, compared to June and July. The Bank of England reduced the interest rate to 0.1% in March and is asking the banking sector if they would be ready for negative interest rates. Although this is more macroeconomics, it will definitely have an impact on you. A negative interest rates of -0.1% would e.g. mean that you borrow £100 and that you have to pay back £99.90 a year later. And also that your savings will become less. The reason for the negative interest rate is to stimulate investment and the economy.