Economics

 

Economics is helpful for understanding many of the important issues in the UK and world today. We ask a lot of questions:

• What are the functions of money and why is it so important?
• What happens when finite resources run out?
• Do exchange rate movements matter beyond your summer holiday?
• Do rising house prices really benefit the economy?
• Is immigration good or bad for the economy?
• Does inflation really matter?
• Why did the banks go bust and what can we learn from it?

There is no coursework and 20% of the marks are for mathematics.

Course content includes:

• How inflation is calculated and why it matters.
• Economic growth
• Price and output decisions of firms
• Competition policy and the effectiveness of government intervention
• The global economy – the past, the present, and the future
• Debt problem of developing and developed countries
• Strategies for promoting economic development
• The functions of the World Trade Organisation

You do not need to have studied Economics at GCSE in order to take an A level course in this subject.