Economics

Why choose Economics?

This is a fresh, original and revamped course that many students will find both stimulating and broad in content. It is a ‘live’ course in that the ‘issues’ are constantly changing. The dominant news item may be high oil prices this week, rising house prices next week and the effects of low interest rates the week after.

The issues are clearly varied but always topical. Studying Economics will give you a new perspective on everyday life! This course will give you the skills and analysis to understand every decision that is made by yourselves e.g. why are petrol prices falling so fast? Why does this affect the UK and Russian economy?

Apart from the nature of the material studied, some of which is controversial, the attraction of the course is that it provides you with the opportunity to study primarily Economics with elements of Business Studies. The expected outcome is that you will have acquired broad insights into the ‘real world’ workings of the Economy and its Business components. The course will appeal to students who would enjoy studying a subject that affects their everyday lives, who have lively and enquiring minds and have a desire to explore new ideas and communicate them effectively.

Things to think about:

Immigration to the UK does this reduce and increase unemployment? Why will chocolate run out on 2nd October 2020? Why is Tesco’s profit failing for the first time in twenty years? Why diary farmers are struggling in the UK yet we pay less for milk? Why interest rates are so low?

Why is the Eurozone such a problem for the UK? How does a government control an economy and what do they look to achieve? Can buying goods ever make us happy? Does advertising work? Why is Apple so successful? Why do footballers earn so much money? Why is there still poverty in the world?

When will China become the richest country in the world? Why are antibiotics running out and why has an economist been asked to lead the fight on this? How do companies discriminate in prices? Why has the government now included illegal drugs and prostitution in measures for standard of living?

Staff Information

NamePosition / ResponsibilityE-Mail
Mr C MumbyLeader of Learning for Economics & Business Studiescmumby [at] imberhorne [dot] co [dot] uk
Miss S McCarthyEconomics & Business Teacher & Joint Deputy Head of Sixth Formsmccarthy [at] imberhorne [dot] co [dot] uk

FAQs

What is Economics?

It is how resources are allocated, like why do footballers earn so much money? Why is there still starvation in the world in 21st century and what has gone so wrong at Tesco’s among other things.

What can you go on to after studying A Level in this subject?

Economics is a highly regarded subject with many post A Level opportunities in both higher education (degrees) and employment, e.g. banking and finance, in addition to post degree employment in both the private and public sector.

How useful will it be?

You will learn and use a wide range of transferable skills throughout the course, including analysing and evaluating business and economic information from different sources, developing written communication skills and learning how to solve problems. Such skills are in great demand and are recognised by employers, universities and colleges as being of great value.

What skills do I need to have to study Economics?

To study this subject you will need a minimum of five GCSE subjects at Grade 9-4, including English Language and Mathematics, plus a determination to work hard and achieve success at the highest level possible.

Is there a lot of Maths?

The A Level uses Maths skills such as interpreting graphs and data and percentage change but that is about it - which is why the entry requirement is a grade 5 in Maths at GCSE