Economics

Course summary

Economics can be defined as the social science that analyses the production, distribution, and consumption of goods and services. The Economics A-level that we offer at Princethorpe enables students to use real life business contexts to help them understand the complexities of the world around them and combines the core elements of both subjects. All businesses operate within an economic context and a nation’s economy cannot exist without businesses to drive it forward and contribute towards its output, or Gross Domestic Product (GDP). Students will use data to help them analyse markets and economies, and how governments try and influence both. They will also use economic theory to explain events and develop an understanding of the strategies employed by businesses in response to these events, for example the raising of interest rates by the Bank of England.