Economics

Economics is all about how people make choices.

We give our students the tools to understand the world around us, from the actions of governments to the decisions of people in the supermarket biscuit aisle.

  • Are the Government’s policies helping or hindering economic recovery?
  • Are bankers worth it? Are footballers? What about doctors?
  • University tuition fees – too high or too low?
  • Is the liquidity trap the place to be? What exactly is ‘trickle down’?
  • Is the axis of global economic power shifting? So what?
  • Does free trade between countries bring prosperity or cost jobs?
  • Why are some nations richer than others? Is a richer society a happier society?

Whatever the problem (and there seems to be a never ending list of them) it is clear that Economics plays an important part in understanding the issues that shape our everyday lives. Yet very few people have even an elementary understanding of these issues.

Economics provides an analytical framework and a tool-box with which to begin to answer such questions and get that understanding. You will develop clear and logical thinking and an analytical approach to problem-solving, as well as an ability to look for the wider implications of any event. No prior subject knowledge is required but a good grade in Mathematics GCSE is essential as is the ability to think and write clearly and cogently.

Your studies will lead you to recognise the similarities and differences in the economic problems that confront individual consumers, workers, companies and countries whatever their living standards. Although the emphasis throughout the course will be on understanding current economic issues and events, you will need to acquire a good understanding of the theoretical principles and techniques that economists use to make sense of those events.