SUBJECT

Economics

What are lessons like in this subject?

In Economics lessons you will examine the principles and models of economics through real life examples from recent UK and world events, as well as everyday application from your own experiences, such as what affected your decision to buy a particular product, or to choose a certain career path. We use a combination of individual, paired and group work to develop your analysis and evaluation skills, through tasks such as responding to exam questions, debates, complex problem solving of economic problems, and simulations. We will have trips to local businesses to see how they are affected by economic changes and have visits from guest speakers from industry and financial institutions who will explain their responses to economic policy changes. We have teaching classrooms and IT suites and we will use Microsoft Teams as a library for all teaching resources as well as setting and collecting independent work.

What will I study?

Microeconomics – Individuals, firms and market behaviour
  • How economic decisions are made
  • Price determination in competitive markets
  • Business economics
  • Behavioural economics
  • Distribution of income and wealth: poverty and inequality
  • Government intervention into markets and government failure
Macroeconomics – developments in the national and international economy
  • Inflation, growth and unemployment
  • Macro policy management
  • Banking and financial markets
  • Economic growth and development
  • Living standards and quality of life
  • The challenges of globalisation
  • The UK and European economy

What our
students

say

I am really enjoying economics because it gives me a wider perspective of the world and how interconnected individuals, businesses and the state is. It has allowed me to understand the impact of businesses actions and use the news to increase my knowledge.

Poppy Davey, Silcoates


Economics

Please note: Subject videos have been filmed from colleges across our Trust.

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