Economics

Course summary

Economics is a traditional, academic A Level subject where students are required to develop a deep theoretical understanding of Economic models and through sophisticated analysis apply these to current domestic and world situations. The teaching reflects this consisting of theory teaching, individual and group research and a lot of class debate. Economics is a continually changing subject so students need to keep up-to-date with current affairs, and will enjoy reading around the subject. In the first year, two modules are followed, the first looks into Microeconomics; – the behaviour of individuals, firms, markets, their failure and government intervention in them. The second module introduces Macroeconomic models and issues; such as the determination and measurement of GDP, inflation, exchange rates, and unemployment. In the second year, another Microeconomics unit is covered examining the behaviour of businesses is examined more closely by looking at different market structures and the nature of the labour market. The Macroeconomics unit in Year 13 concerns the role of international trade, poverty and inequality in a global economy and the role of the financial sector.