Why should I take Economics?
Economics is an academic subject that is held in high regard by major universities. Pupils wishing to gain entry to Oxbridge should consider combining Economics with a combination of Mathematics, History or Politics. The course is fairly rigorous in its approach so a taste for Economics has become high profile. The credit crunch, bankers’ bonuses and fears of a Euro meltdown have rarely been out of the news in recent years. The economic implications of Brexit now dominate the front pages mathematical-type reasoning is useful although the mathematical content of the course is not in itself demanding.
What will I learn?
In the study of microeconomics you will learn how markets operate, why they fail, what governments can do to intervene, the nature of competition amongst firms and how firms make pricing and output decisions.
In the study of macroeconomics you will learn about key Government objectives in the economy and policies to control unemployment, inflation, interest rates, exchange rates and economic growth. You will develop an understanding of economic models and apply these to the UK and the global economy as you examine the UK’s economic relationships with other countries.
What help will I get?
As with Business Studies you will be taught by experienced teachers with a track record of success. Delivery is via taught lessons using current economic data, backed up with the latest texts and online resources.
The Department runs class trips to revision conferences in the U6. Extension opportunities include Upper Sixth form essay competitions, clinics and excursions.
Jonathan Hardaker Head of Economics