What is Economics about?
Economics studies how the scarce resources the world has are allocated to different people and societies. It also looks at how the choices we make are informed, trying to predict how we will react given the limited resources the world has but the unlimited needs and wants that we have as individuals. At a higher level, it places these decisions within economics systems that are determined, managed and reflect the political and social choices that each society makes. The main goal of studying economics is to gain a greater understanding of the world in which we live and an insight into the decision-making rationales of individuals and those who shape our local, national and global societies.
What do we teach in Economics and why?
The Business & Economics Department aim for all students to:
What does the Economics enable our students to do?
How is the curriculum structured in Economics?
GCSE Economics is offered at KS4. Students are taught 3 lessons per week over 2 years. Total learning hours approx. 120.
AS & A level Economics is offered at KS5. Students are taught 5 lessons per week or 10 per fortnight, often shared between 2 specialist teachers.
What specifications do we use?
GCSE: OCR J205
A-LEVEL: AQA 7136
What are the links between Economics and other subjects?
Links exist between Human Geography, Citizenship, Maths.
In Economics, students have many opportunities to develop literacy as in reading source materials and responding in longer answers, and in essays.
Numeracy is an important part of Economics.
Students learn how:
Construction of graphs:
Interpretation and use of quantitative data to support and justify economic decisions:
What are the future careers students can take when they study Economics?
An economics degree validates an array of subject-specific and transferable skills which are highly sought by employers. A qualification in economics can lead to employment as an actuarial analyst, chartered accountant, data analyst, economist, financial risk analyst, forensic accountant, investment analyst, statistician or stockbroker. Perhaps unsurprisingly, economics is a very competitive career choice when it comes to impact on earnings for both men and women. Graduates of economics often work in financially rewarding careers in both private and public sectors.
What extra-curricular activities can students take part when you study Economics?
Classroom study is supported by numerous trips and visits in and outside London such as to the Bank of England, The London Stock Exchange and FTSE 100 company headquarters.