Open Days - 17 May: Prep (4-13) / 18 May: Senior & Sixth Form (13-18)
LIMITED SPACES AVAILABLE - The perfect opportunity to gain an insight into the school, view the facilities and gather all the information you need.Why Study Economics?
Economics is concerned with market forces, supply and demand and government intervention. Exchange rates, imports and exports, inflation, unemployment, development and government policy are all discussed.
Pupils who have a genuine interest in current national and international affairs will find the course stimulating. Economics is a contemporary subject, rooted in what is happening in the UK and the world today and it will suit those who have an interest in politics and reading the newspapers. It provides an excellent background for pupils considering careers in business, banking, accountancy, law or politics, as well as offering an insight into psychology and sociology because it draws on a wide range of skills.
The primary attribute required to study economics is a logical and independent mind. Economics requires both mathematical and literary ability. Its content includes theoretical models to explain behaviour in the real world. It is a social science and quite technical in places.
Diagrams to explain behaviour are a key part of the course. Strong grades in GCSE English and mathematics is advisable (an A in maths is required to access many economics degrees).
Pupils will consider the following topics:
Microeconomics
- Scarcity and choice
- How competitive markets work
- Competition and market power
- Labour market
- Market failure and government intervention
Macroeconomics
- Economic policy objectives and indicators of macroeconomic performance
- Aggregate demand and aggregate supply
- The application of policy instruments
- The global context
- The financial sector