Economics is the study of choice and decision making in a world with limited resources. It examines how societies allocate scarce resources to meet the needs and wants of their citizens. Economic decisions which face individuals, firms, and governments, on a local, national, and global level are also looked at.
You will investigate micro-economic topics, including how the decisions of individual consumers or firms affect prices and production levels while analysing the impact of different levels of competition on a market and the issues created by market failure and government intervention.
You will also learn about macro-economics and how our national economy operates, the impact of global markets and monetary policy, and the operation of the international economy. You will discover how we measure inflation, unemployment, and national production levels whilst considering issues such as the best policies for growth and what goods and services a government should provide.
There are a range of economic theories and models to learn and you will practice and explore the value and limitations of these. Economists develop many skills including those of analysis, evaluation, communication, and working independently and with others. External assessment methods are varied and include multiple choice, data response and extended written responses.
Students studying economics go on to study economics, business or finance at university. It is a well established and highly regarded degree choice and provides opportunities for careers within government, banking, accountancy, management and investment. It also supports careers such as marketing, law and journalism.
GCSE grade 6 in GCSE English and maths.
Year 12 Pastoral Welcome Evening 5:30pm on 21st September 2017