Economics involves the study of how people behave and interact with each other. The dynamic between consumers, firms and government makes for a constantly changing and fascinating world. Economics looks to explore such relationships in the context of the UK and Global Economy.
Principal topics are:
- Economics: Markets and market failure;
- The national economy;
- Business economics and the distribution of income;
- The national and international economy.
Among the areas pupils cover as part of their study over the two years of the course are: Functioning of competitive markets, Government intervention in the market, The theory of the firm, The labour market, Macroeconomic indicators, Managing the national economy, and The international economy.
Pupils will have the opportunity to participate in the Bank of England Target 2.0 Challenge and the Student Investor Challenge, as well as visit the London Metal Exchange and the Bank of England.
The skills and knowledge gained in this course are valuable in both the business and academic spheres. It may lead to Higher Education courses in areas such as economics, law, business, accounting, geography or politics.