Economics is about choice and the impact of our choices on each other. The subject is split into two main sections: microeconomics and macroeconomics. Macro looks at the big issues affecting the economy as a whole (unemployment, inflation, growth) whereas micro looks at the smaller issues such as the pricing of individual products like oil or gold. Taken together, micro and macroeconomics give a complete understanding of the economy that will be valuable in career terms as well as bringing an increased understanding of the last five minutes of the news!
Lower Sixth: AS Economics A (Edexcel)
During the AS qualification, you will explore the following aspects of Economics:
• Theme 1: Introduction to Markets and Market Failure. This theme introduces students to the microeconomic nature of economics, looking at economic problems and the ways economists think and work.
• Theme 2: The UK Economy – Performance and Policies. This theme introduces students to macroeconomics by exploring the key measures of economic performance and the main instruments of economic policy primarily in a UK context.
Upper Sixth: A Level Economics A (Edexcel)
If you choose to carry on studying Economics to A Level, you will explore Themes 3 and 4 in addition to Themes 1 and 2 which include:
• Theme 3: Business Behaviour and the Labour Market. This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics.
• Theme 4: A Global Perspective. This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Both the AS and A Level are assessed through 100% examination.
Educational visits and extra curricular activity
During the two year course visits will be arranged so theory can be seen in context. Students visit the Houses of Parliament and the Bank of England in London. Guest speakers are sometimes invited in to share their economics expertise and viewpoints. Booster revision lessons are also provided leading up to the examinations.
Students can take part in the Young Enterprise Scheme in the Lower Sixth where they create a business for themselves and compete against local schools to get to the National Final in London. Previous teams have been extremely successful by channelling their entrepreneurial spirit into innovative ideas. The students have been able to share out the profits amongst themselves at the end of the competition in addition to obtaining some fantastic skills to write in their University applications.
Rooms and resources
There is a dedicated Economics room which overlooks the stunning countryside and has the use of an interactive whiteboard. The department utilises ICT during lessons by using Quizziz and Kahoot. Specialist text books are issued and are used in conjunction with a wide-range of additional text books, ICT and audio-visual materials.