What are lessons like in this subject?
In Economics lessons you will examine the principles and models of economics through real life examples, recent UK and world events, as well as everyday applications 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 economics problems and simulations.
We have trips to local businesses to see how they are affected by economic changes and have visits form guest speakers from the 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- development 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 the international economy.
Studying economics was enjoyable because it mixed some mathematical and analytical theory. I enjoyed drawing diagrams which helped to explain the theory in a visual way. I personally found macroeconomics really interesting in terms of how the national economy functions as well as international economics. It made me want to go on and continue studying economics at University. Overall the thing I liked the most was that I got to learn about a range of different concepts between microeconomics and macroeconomics and also seeing how they all linked together was really interesting.
Shanali Patel - Ackworth School
Economics
Please note: Subject videos have been filmed from colleges across our Trust.