Economics

Course summary

In microeconomics, pupils study markets, competition and aims of business, and the arguments for and against government intervention. In macroeconomics, pupils use aggregate demand and supply to analyse UK economic performance. The context then becomes global and analysis considers globalisation, financial markets, and development economics. The department is pioneering the integration of the CORE Econ e-book , an open-access platform that approaches economics teaching in a way motivated by real-world problems and real-world data. This resource is used to support two independent research tasks in the Lower Eighth (Year 12). For example, in the Spring term, all pupils consider: ‘To what extent have policy makers learnt from the 1930s in their response to the Great Recession? Refer to the work of at least two schools of economic thought in your answer.’ The department organises an annual economics day with partner schools, which also includes external speakers and a trading simulation game organised by Deutsche Bank. The department also runs an annual trip to Cambridge University’s Marshall Society Conference.