Economics helps you to understand how the world works. You’ll be challenged with ‘real life’ questions such as: Should Britain join the Euro... are house prices too high... why do some snooker players earn more than most teachers... and, should there be a pollution tax on air travel?
What will I study?
Economics is different from many A Level subjects in that probably no student will have studied it before starting the course. During the course you will learn about how competitive markets work, economic efficiency and the global economy. Some examples of the issues that form part of your work include:
- Does income and wealth inequality matter?
- The impact of economic migrants on the UK economy.
- The performance of the UK economy in a European and global context.
- Is UK government borrowing out of control?
- Does the growth of Tesco plc. conflict with the interests of the consumer?
- Is the growing trade deficit a cause for concern?
- Is road pricing the way to reduce congestion?
- An ageing population – cause for celebration or concern?
Since so much of the economics course can be applied to current events, national and international, there is ample opportunity in lessons for discussion and debate. There is no coursework in this subject – assessment is based 100% on examinations.
We invite guest speakers from the business community to visit College and speak to students about real life economic issues. We have also organised trips to London to hear speakers such as BBC correspondent Hugh Pym, Larry Elliott (Guardian correspondent), Tim Harford and former Chancellor of the Exchequer Alistair Darling. Students will also have the opportunity to enter the Investor Challenge.
Where might it lead?
The skills you develop studying economics can be built upon and used throughout the rest of your life. The subject opens a wide range of career paths – including working in the civil service, local government, banking, accountancy, management, journalism, the media and the legal profession. Many of the professional examinations of financial occupations (accountancy, banking and insurance) have an economics component. An A Level in economics may give you exemptions from some of these exams. And there’s always soccer management to fall back on, emulating the likes of Arsene Wenger and Steve Coppell, both graduates in Economics!