Many of the most important issues facing society are economic in nature.
It is an exciting time to study economics. Many of the most important issues facing society are economic in nature. Whether you are concerned with global warming or global trade, whether you are concerned about the potential impacts of Brexit, whether you are looking at the collapse of world financial markets or the collapse of your neighbour’s small business, you can’t get far without a knowledge of economics.
This course aims to stimulate your interest in how economies work – at personal, national and global levels. A sample of the issues you will be encouraged to investigate are:
- What might be the impacts of Brexit upon the UK Economy?
- Why has the UK economy experienced both boom conditions and slumps in the past?
- What determines the level of UK interest rates? Is a strong pound desirable?
- Why are footballers paid more than nurses?
- What are the implications of a national minimum wage?
- Should the health service be provided by the state or the private sector?
- Do the activities of multinationals assist or hinder the development of poor countries?
- Why have African economies been slow to develop? Should we provide aid?
"Teachers always try to relate our topics to current situations making them relevant. Lessons are often interactive and you leave feeling as though you've accomplished lots in a short time." Hannah Smart, Economics student
Introduction to markets and market failure
- Nature of economics
- How markets work
- Government intervention
The UK economy: performance and policies
- Measures of economic performance
- Aggregate demand and supply
- National income
- Economic growth
- Macroeconomic objectives and policy
Business behaviour and the labour markets
- Business growth
- Business objectives
- Revenues, costs and profits
- Market structures
- Labour market
- Government intervention.
A global perspective
- International economics
- Poverty and inequality
- Emerging and developing economies
- The financial sector
- The role of the state in the macroeconomy
GCSE grade 6 in English (Language or Literature) AND Mathematics.
Students may go on to study a variety of courses such as Economics, Economic Management or Politics, Philosophy and Economics (PPE). In previous years we have successfully supported students in being offered places on a range of courses, including PPE and Economics & Management at Oxford University, Economics at Cambridge University, Economics at London School of Economics, and Economics based degrees at a wide range of other universities.