Why are footballers paid so much more than teachers?  Which is more dangerous in your home, a gun or a swimming pool? How can you spot if Sumo wrestlers are intentionally losing?  For centuries, economists have looked to understand the choices people make and the impact these choices have on you and the rest of society; whether to evaluate if the UK should surrender sovereignty to the EU in exchange for trade or to revolutionise the way professional baseball teams are selected.

Economics provides you with a new way of thinking. It’s not only an academic study of the way people, organisations and governments interact, but also a toolbox of techniques to analyse the way the world actually works.

Why Study Economics?

• You will develop a unique perspective to understand the role money plays in making our world go around.  Additionally, Economics will enable you to enquire, use a critical approach to distinguish facts and opinions, build arguments and make informed judgements

• You will develop analytical and evaluative thinking skills, learn to interpret data, draw conclusions from evidence and communicate in a clear and concise way

• The knowledge and the skills you gain will allow you to understand the worlds of finance, business, politics and public policy

• You will examine the world by applying theory to case studies, carrying out research projects, and going on trips

• You will explore in a logical and reasoned way proposed solutions to many of the biggest problems facing the world today

• The theory and case studies you learn will support the curriculums in both GCSE Geography and History and are complemented by GCSE Maths and GCSE Statistics

What Will I Study?

Two Units of work:

Unit 1 - Introduction to Economics

The basic economic problem; supply, demand and price; competition, production and labour markets; the role of money and financial markets.

Unit 2 – National and International Economics

Growth, unemployment, inflation, fiscal and monetary policy, supply-side policies and limitations of markets; international trade, globalisation, development and exchange rates.