Economics

Course summary

Whether or not you have studied Economics at GCSE, this A level course will help to encourage a genuine interest in current economic problems and how they might be resolved. You may have heard terms such as ‘euro crisis’ and ‘recession’ - economics helps to build an understanding of these terms and their implications for all of us. Economics is essentially a study of the ways people provide for their well-being. The reason we face economic problems individually and as a country is that none of us can have all we want - we all have to make choices about how to use our limited resources. None of us have the time or money for everything we want! Often there are no clear-cut answers - no obvious solutions to economic problems. Political parties often disagree about economic issues. This means that Economics often appeals to those who enjoy argument and debate and take an interest in current affairs. Throughout the course there is great emphasis on relating economic theories to the UK economy. This is a very exciting time to be studying Economics and there are plenty of opportunities to discuss the topics currently making the headlines. For those who want to continue their interest further, we enter competitions such as the Bank of England Interest Rate Challenge, we attend conferences at Nottingham University and hold discussion groups after school.