As consumers we want lots of goods and services, but there aren’t enough resources for everyone to have everything they want. So what goods should we make, how should we make them and to whom should we give them? This is the central economic problem that economists want to solve. In Economics you have to form opinions and think about how to address some of the fundamental changes our societies face. The department has a long history of delivering outstanding results. All of our students go on to business degrees and significant proportion have moved on to Russell group universities. What will I learn? Microeconomics is the study of individuals and firms. You will learn how they make decisions about what to make, what to buy, and at what price. Why does it make sense for train companies to have really high peak time prices? Who should pay for the damage that pollution causes? Should cleaners earn the same amount as doctors, and if not, why not? In macroeconomics you will look at the bigger picture. You will study what is happening behind the news headlines in the economy as a whole. You will probably have heard words like recession, austerity and inflation, but what do these words mean and why are they important? Should governments aim to make their countries richer, or aim to make their people happier? How do we tackle deep rooted poverty and the problem of unemployment? Throughout the course you will notice links with other subjects: with science through data analysis, and with Maths when we consider graphs and basic equations. Economics can be very mathematical, but an ability to explain and analyse in excellent written English is near essential. A mathematical way of thinking helps when we use and interpret graphs and it is therefore important that you feel comfortable with that. There are philosophical and ethical elements to the course: when you learn about economic growth you debate whether happiness is more important than wealth. You will often develop and draw on wider knowledge; for example when considering changes in food prices you will need to think about climate change, population growth and technical advances to understand the whole story.
GCSE grade 5 in English Language and Maths
Economics is taught linearly and you would sit two internal exams in the summer at the end of year 12. Paper 1 is the Introduction to markets and market failure. Paper 2 is The UK economy – performance and policies. To attain the full A level, you would then sit three exams in the summer at the end of year 13. Paper 1 is Markets and business behaviour. Paper 2 is The national and global economy. Paper 3 is Microeconomics and macroeconomics. There are a mixture of shorter questions, data response and essay questions. There is no coursework in economics. The A level grade would be attained purely on the 3 papers you will sit in year 13.
About Education Provider
| Region | London |
| Local Authority | Tower Hamlets |
| Ofsted Rating | Outstanding |
| Gender Type | Mixed |
| Address | 31 Brady Street, Whitechapel, London, E1 5DJ |
As consumers we want lots of goods and services, but there aren’t enough resources for everyone to have everything they want. So what goods should we make, how should we make them and to whom should we give them? This is the central economic problem that economists want to solve. In Economics you have to form opinions and think about how to address some of the fundamental changes our societies face. The department has a long history of delivering outstanding results. All of our students go on to business degrees and significant proportion have moved on to Russell group universities. What will I learn? Microeconomics is the study of individuals and firms. You will learn how they make decisions about what to make, what to buy, and at what price. Why does it make sense for train companies to have really high peak time prices? Who should pay for the damage that pollution causes? Should cleaners earn the same amount as doctors, and if not, why not? In macroeconomics you will look at the bigger picture. You will study what is happening behind the news headlines in the economy as a whole. You will probably have heard words like recession, austerity and inflation, but what do these words mean and why are they important? Should governments aim to make their countries richer, or aim to make their people happier? How do we tackle deep rooted poverty and the problem of unemployment? Throughout the course you will notice links with other subjects: with science through data analysis, and with Maths when we consider graphs and basic equations. Economics can be very mathematical, but an ability to explain and analyse in excellent written English is near essential. A mathematical way of thinking helps when we use and interpret graphs and it is therefore important that you feel comfortable with that. There are philosophical and ethical elements to the course: when you learn about economic growth you debate whether happiness is more important than wealth. You will often develop and draw on wider knowledge; for example when considering changes in food prices you will need to think about climate change, population growth and technical advances to understand the whole story.
GCSE grade 5 in English Language and Maths
Economics is taught linearly and you would sit two internal exams in the summer at the end of year 12. Paper 1 is the Introduction to markets and market failure. Paper 2 is The UK economy – performance and policies. To attain the full A level, you would then sit three exams in the summer at the end of year 13. Paper 1 is Markets and business behaviour. Paper 2 is The national and global economy. Paper 3 is Microeconomics and macroeconomics. There are a mixture of shorter questions, data response and essay questions. There is no coursework in economics. The A level grade would be attained purely on the 3 papers you will sit in year 13.
