This exciting and challenging subject was introduced in 2013. There has never been a better time to start studying Economics. As a highly regarded academic discipline, the knowledge and skills that students develop through this course enhance career opportunities for a broad range of industries.
Do you ever wonder why: Gareth Bale earns more in a day than a teacher does in a year? Petrol prices keep rising? The government bailed out the banks and raised university tuition fees? The Bank of England keeps the interest rate so low? There is a congestion charge in London? The UK has not joined the Euro? There is still poverty in the UK? Fast growing economies like India and China are affecting UK economic performance? Spending billions on a high speed rail network which will not be ready until 2032 is being undertaken when the UK has a huge national debt? The government taxes higher income earners more?
The study of Economics will provide the answers to these questions and many more. It will change the way you look at the world and help you understand the underlying theory and arguments behind a wide range of issues.
The subject is not offered in the Lower School.
The subject is not offered in the Middle School.
Economics is studied as a full A-level over two years.
In the first year, both micro and macro-economics are studied. The micro module investigates how different markets work, why they fail and what can be done when they do fail. In the macro module students will learn how the government attempts to control and manage the economy through economic policies aimed at maximising the welfare of producers and consumers.
In the second year, there is a greater focus on competition and international trade. Students will consider business economics and debate whether monopoly markets are good or bad. The patterns of international trade and the influence of China and other emerging economies will also be discussed.
An interest in the news is essential. Students will need to learn key Economic terms, analyse and evaluate issues and apply Economic theories to different real life scenarios. Students will need to construct, explain and provide a critical understanding of diagrams.
Economics provides an excellent springboard for any business/management/finance or accounting degree as some elements of these degree courses will have an Economics component. Students considering an Economics degree should also study Maths. AS Economics is very career related, it combines well with any subject at AS and A2 level especially Maths, Politics and Geography.
A variety of activities are planned including competitions, revision days and speakers from industry to enrich the study of Economics.