You will acquire the tools of analysis which will enable you to explain why the world economy is in such a state. To say “It’s Covid’s fault” is not enough. The current generation of economists is among the luckiest ever: so much is going on at the moment which needs explaining that studying economics is a real challenge. And it will equip you to sound Very Wise Indeed in the Sixth Form Centre/Headmaster’s study/University interview. You will investigate how firms work, and how the people in them work; you will find out what effects the Government has on the workings of the economy and why interest rates have increased 14 times between December 2021 and October 2023, why Mr Kwarteng’s infamous mini budget was such a disaster or why the UK is suffering from low productivity. You will investigate international issues and those of inequality and poverty, and why Cristiano Ronaldo has a new deal worth $200m p.a. whilst UK public sector workers are striking over pay. You will develop an understanding of the way that the world works and why oil prices behave as they do, and of the limitations of economic theory in explaining what actually happens; you will discover how economic and business decisions are made and how they affect; you will develop the skills of analysis and evaluation which will enable you to make sensible decisions of your own and to assess critically those made by others. You will learn why Winston Churchill is quoted as saying, “When I ask two economists a question I get two different answers, unless one of them is Lord Keynes, in which case I get three.”
You will need to have an interest in the world outside school; you need a desire to acquire the skills that will enable you to better understand the decisions that you will take as a consumer, producer and voter. You need no previous classroom experience of this subject: we aim to develop in you the skills necessary to investigate it and to communicate your findings. You do not need to have taken Business for GCSE; nor do you need to be a star mathematician. However, you do need to demonstrate a strong interest in current affairs by engaging with serious media on a regular basis.
There are three papers; each is two hours long and contain multiple choice, data response and essay questions. Paper 1 focuses on markets and business behaviour (microeconomics); Paper 2 on the national and global economy (macroeconomics); Paper 3 is the “synoptic” paper covering all the topics studied.
About Education Provider
| Region | South West |
| Local Authority | Somerset |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | £30,717 - £42,987 |
| Sixth Form Fee | Day £9,942 - £26,277 |
| Address | 15 The Liberty, Wells, BA5 2ST |
You will acquire the tools of analysis which will enable you to explain why the world economy is in such a state. To say “It’s Covid’s fault” is not enough. The current generation of economists is among the luckiest ever: so much is going on at the moment which needs explaining that studying economics is a real challenge. And it will equip you to sound Very Wise Indeed in the Sixth Form Centre/Headmaster’s study/University interview. You will investigate how firms work, and how the people in them work; you will find out what effects the Government has on the workings of the economy and why interest rates have increased 14 times between December 2021 and October 2023, why Mr Kwarteng’s infamous mini budget was such a disaster or why the UK is suffering from low productivity. You will investigate international issues and those of inequality and poverty, and why Cristiano Ronaldo has a new deal worth $200m p.a. whilst UK public sector workers are striking over pay. You will develop an understanding of the way that the world works and why oil prices behave as they do, and of the limitations of economic theory in explaining what actually happens; you will discover how economic and business decisions are made and how they affect; you will develop the skills of analysis and evaluation which will enable you to make sensible decisions of your own and to assess critically those made by others. You will learn why Winston Churchill is quoted as saying, “When I ask two economists a question I get two different answers, unless one of them is Lord Keynes, in which case I get three.”
You will need to have an interest in the world outside school; you need a desire to acquire the skills that will enable you to better understand the decisions that you will take as a consumer, producer and voter. You need no previous classroom experience of this subject: we aim to develop in you the skills necessary to investigate it and to communicate your findings. You do not need to have taken Business for GCSE; nor do you need to be a star mathematician. However, you do need to demonstrate a strong interest in current affairs by engaging with serious media on a regular basis.
There are three papers; each is two hours long and contain multiple choice, data response and essay questions. Paper 1 focuses on markets and business behaviour (microeconomics); Paper 2 on the national and global economy (macroeconomics); Paper 3 is the “synoptic” paper covering all the topics studied.