OPTION SUBJECTS: ECONOMICS

Economics is a very stimulating real-world subject, especially for those with an interest in current affairs. In fact, at the moment, it is often impossible to watch the news without encountering reports relating to the state of the world economy and discussion of economic theory! We aim to make sure that you can explain to your families what the Economics in the news is all about.

The GCSE course provides a sound knowledge of economic principles and applies these to a wide range of economic issues such as inequality, environmental pollution, unemployment, economic growth, trade and also the increasingly important topic of globalisation. Overall, the course emphasises the role played by consumers, producers and the government in solving the central economic problem of scarcity.

In Year 10, topics covered include specialisation, the labour market, competitive markets and production. In Year 11 the UK economy, trade and globalisation are studied in more detail, along with issues such as how the government manages the economy – some really great Economics! The course is assessed entirely by exam with there being no coursework.

Overall, whilst undeniably an academic subject, many pupils are stimulated by the real-world nature of the course and find that it combines well with all other GCSE subjects. Pupils who are prepared to work hard in this new subject will find that it is a very rewarding and interesting course.

The GCSE course is not a pre-requisite of the A-Level but clearly provides a good introduction to the subject.