Possibly, without realising, you are already an active part of the global economic system, whether you are buying the latest technology manufactured in China, paying more for flights at weekends, or questioning why the government has so much debt. Studying Economics will help you understand why prices fluctuate, where your taxes go, how government legislation can push people to change their spending habits (or not), why some companies dominate their market, how global or societal changes like climate change and ageing can have an impact on a country’s economy, why people fight for resources, and why certain economies grow faster than others. Economics can be broken down into microeconomics, which looks at individual decisions, and macroeconomics, which is concerned with the economy as a whole. In your first year, you will gain an introduction to the nature of economics and examine how markets allocate resources effectively, from the housing market to the demand for coffee. You will analyse the nature of market failure and investigate the extent to which a particular market requires government intervention, such as the sugar tax on soft drinks. Your study of macroeconomics will focus primarily on the UK economy where you will look at the key measures of economic performance and a range of economic problems that a country might face, such as inflation and unemployment. You will investigate policy instruments governments and central banks can use to overcome these problems and evaluate their impact on the economy. In your second year, you will continue to investigate various markets and assess the extent to which they operate efficiently – from the supermarket industry to the global video streaming market. There is a particular focus on how governments can intervene to ensure that businesses act in the interests of the consumer. You will look at macroeconomic theory on an international scale and explore the impact of Brexit on the economy along with trade wars and the effects of America’s tariffs. There is a particular focus on development economics – including strategies to tackle poverty in the developing world. Current affairs form a large part of our discussions and students report a real satisfaction at feeling able to understand what they hear and read in the news. Since Economics is a subject with many conflicting ideas, you’ll have the opportunity to form and defend your view on economic matters – useful skills at any stage of life! You will have the opportunity to participate in competitions such as The London Institute of Banking & Finance Student Investor Challenge, the Tycoon Enterprise Competition, and the Royal Economic Society’s essay competition. There will be the chance to attend an inspirational day of economics at the annual Economics in Action student conference and host visiting speakers in school. A successful trip to New York was run in 2020, which we hope to be able to deliver again in the future. Economics involves the analysis of quantitative data and evidence, so sound mathematical ability is required to study economics successfully. Students should also have an interest in the workings of individual industries and the policy decisions of governments, as the A Level looks at both of these. Economics helps you understand more about the world around you and students will be expected to keep up-to-date with economic changes and trends, so an interest in watching or reading current affairs is important.
About Education Provider
| Region | London |
| Local Authority | Ealing |
| Ofsted Rating | |
| Gender Type | Girls |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | £23,895 |
| Address | 2 Cleveland Road, Ealing, W13 8AX |
Possibly, without realising, you are already an active part of the global economic system, whether you are buying the latest technology manufactured in China, paying more for flights at weekends, or questioning why the government has so much debt. Studying Economics will help you understand why prices fluctuate, where your taxes go, how government legislation can push people to change their spending habits (or not), why some companies dominate their market, how global or societal changes like climate change and ageing can have an impact on a country’s economy, why people fight for resources, and why certain economies grow faster than others. Economics can be broken down into microeconomics, which looks at individual decisions, and macroeconomics, which is concerned with the economy as a whole. In your first year, you will gain an introduction to the nature of economics and examine how markets allocate resources effectively, from the housing market to the demand for coffee. You will analyse the nature of market failure and investigate the extent to which a particular market requires government intervention, such as the sugar tax on soft drinks. Your study of macroeconomics will focus primarily on the UK economy where you will look at the key measures of economic performance and a range of economic problems that a country might face, such as inflation and unemployment. You will investigate policy instruments governments and central banks can use to overcome these problems and evaluate their impact on the economy. In your second year, you will continue to investigate various markets and assess the extent to which they operate efficiently – from the supermarket industry to the global video streaming market. There is a particular focus on how governments can intervene to ensure that businesses act in the interests of the consumer. You will look at macroeconomic theory on an international scale and explore the impact of Brexit on the economy along with trade wars and the effects of America’s tariffs. There is a particular focus on development economics – including strategies to tackle poverty in the developing world. Current affairs form a large part of our discussions and students report a real satisfaction at feeling able to understand what they hear and read in the news. Since Economics is a subject with many conflicting ideas, you’ll have the opportunity to form and defend your view on economic matters – useful skills at any stage of life! You will have the opportunity to participate in competitions such as The London Institute of Banking & Finance Student Investor Challenge, the Tycoon Enterprise Competition, and the Royal Economic Society’s essay competition. There will be the chance to attend an inspirational day of economics at the annual Economics in Action student conference and host visiting speakers in school. A successful trip to New York was run in 2020, which we hope to be able to deliver again in the future. Economics involves the analysis of quantitative data and evidence, so sound mathematical ability is required to study economics successfully. Students should also have an interest in the workings of individual industries and the policy decisions of governments, as the A Level looks at both of these. Economics helps you understand more about the world around you and students will be expected to keep up-to-date with economic changes and trends, so an interest in watching or reading current affairs is important.