“The power of a theory is exactly proportional to the diversity of situations it can explain.”Elinor Ostrom
Economics is a highly regarded academic discipline, the application of which is relevant to the real world. Every news programme, political debate and discussion, and many of our everyday conversations are littered with economic concepts.
The study of Economics teaches you how to think, to analyse numerical and written data, to evaluate different points of view and to express yourself clearly on paper and verbally in class discussion. There is no requirement for prior study at GCSE. What is imperative is a keen awareness of topical issues and an appreciation of the links between the economic and political environment.
A level
A level Economics provides opportunities for pupils to apply their knowledge and skills to real-life case studies and data exercises.
Students apply economic theory to the analysis of current economic problems and issues, developing a good knowledge of recent trends and developments in the UK economy and the complexity and conflicts that may arise with regard to government economic policies. For example, synthesising arguments, which recognise that increased government spending to stimulate economic growth, will lead to more government debt. They also gain an appreciation of the interrelationship between micro and macroeconomics, an analytical and evaluative appreciation of economic concepts and theories from the perspective of the market and the national and international economic environment. Such as examining the causes and levels of inequality between countries. Above all, the course emphasises teaching students to think like an economist.
Co-Curricular
The department organises an annual conference in the Autumn term to which the most eminent of speakers are invited and other local schools are invited to attend.
Subject prefects run the Economics society where topical issues are hotly debated and discussed. Students also essay enter competitions, which are largely facilitated by the top universities. Students are encouraged to sign up to receive free access to the Financial Times to aid their wider reading.
A biennial overseas trip is run in conjunction with Business. This is very popular in terms of uptake and benefit.