The basic economic problem is scarcity and Economics can be defined as the study of the allocation of scarce resources between competing uses; it is about the choices we have to make to get the goods and services we need and want. In Economics, we study how markets work, why they sometimes fail and how the government may step in to solve this failure. We also examine the structure of firms in markets and how this structure may help or hinder the allocation of resources. In addition, we look at how the national economy works and how we try to ensure it grows over time to improve economic welfare.
a 6 in GCSE Maths can indicate the ability to do this. A willingness and ability to write extended answers is also required as issues are analysed in depth and in detail in exam questions.
A non-returnable registration fee (£50) is payable on submission of an application. Please ensure the school is told at the application stage if your child has a disability or particular need to that we can properly assess his/her requirements. Assessments from professionals such as Educational Psychologists should be provided at this stage.
About Education Provider
| Region | Yorkshire and the Humber |
| Local Authority | East Riding of Yorkshire |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | £9,045 - £14,601 |
| Address | Tranby Croft, Anlaby, Hull, HU10 7EH |
The basic economic problem is scarcity and Economics can be defined as the study of the allocation of scarce resources between competing uses; it is about the choices we have to make to get the goods and services we need and want. In Economics, we study how markets work, why they sometimes fail and how the government may step in to solve this failure. We also examine the structure of firms in markets and how this structure may help or hinder the allocation of resources. In addition, we look at how the national economy works and how we try to ensure it grows over time to improve economic welfare.
a 6 in GCSE Maths can indicate the ability to do this. A willingness and ability to write extended answers is also required as issues are analysed in depth and in detail in exam questions.
A non-returnable registration fee (£50) is payable on submission of an application. Please ensure the school is told at the application stage if your child has a disability or particular need to that we can properly assess his/her requirements. Assessments from professionals such as Educational Psychologists should be provided at this stage.