Economics

Course summary

Economics is the study of how societies allocate scarce resources in the face of unlimited human wants. Through studying Economics, boys will: • develop an understanding of current economic issues, problems and institutions that affect everyday life; • learn to explain a variety of real-world phenomena from an economic perspective; and • learn to analyse, explain and evaluate the strengths and weaknesses of the market economy and the government's role in it. A good economist needs to be able to use economic theory to help explain the world around them and help solve problems faced by individuals, industries and nations. It is important to be able to analyse economic data and interpret graphs and tables to identify trends. This requires a sharp mind and an ability to think logically and to write good-quality English. For those boys considering an Economics degree, Mathematics A-level is strongly recommended. The best students of Economics follow economic news regularly and are interested in the world around them.