Economics

STATEMENT OF INTENT FOR ECONOMICS

Economics students at Charters Schools will develop an enthusiasm for the subject, appreciating the contribution of economics to the understanding of the wider economic and social environment. They will use an enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist. Students will develop qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.

COURSE DETAILS

Unit 1: Students are introduced to economic methodology and the economic problem, individual decision making, price determination in a competitive market, production, market structures, the labour market, the distribution of income and wealth, the market mechanism and government intervention in markets.

Unit 2: Students are introduced to macroeconomic performance, circular flow of income and aggregate demand and supply, economic growth, unemployment, inflation, financial markets and the international economy.

Unit 3: This unit is an amalgamation of Units 1 and 2 and students are required to analyse the relationships between micro and macroeconomics.

COMPLEMENTARY SUBJECTS

Economics goes well with all subjects. A’Level Maths would be a good subject to choose alongside especially if you are considering doing a degree in Economics. A’Level Business also goes well with the subject.

FUTURE OPPORTUNITIES

Professional economist, civil service, stockbroker, consultancy, banking and finance, journalism and accounting as well as so many other opportunities that include marketing, quantity surveyor, teaching and statistician.

BE INSPIRED BY EXPLORING FURTHER

Doughnut Economics - Kate Raworth

23 Things They Don’t Tell You About Capitalism – Ha-Joon Chang

Great Economists: How Their Ideas Can Help Us Today – Linda Yeuh

The Economist magazine