Studying Economics at Bloxham School
As a social science, economics is compatible with both humanities and science A Levels. The most closely related subjects are maths, history, politics and geography. It is particularly relevant to careers in business, finance and the public services.
Economics in the Sixth Form
Economics is offered at A Level and we follow the Edexcel Economics syllabus. In the Lower Sixth students learn how market prices are determined and how sometimes the market fails in the allocation of resources. Students investigate a topical issue e.g. obesity, road congestion, funding higher education and present their findings of the economic problem to the rest of the class. We also look at the government’s objectives for running the economy and the tools they can use to help them meet their goals.
In the Upper Sixth we study how the size and dominance of firms can affect the market price and the role of the government in monitoring the behaviour of firms. In the final unit our focus shifts to the whole world rather than just the UK economy and students learn about the role of globalisation and trade and consider why some countries are still struggling to develop economically. They choose a country in Africa, Asia or South America and investigate the strategies those markets are using to encourage economic growth and development.
The global financial crisis, the economic problems in the Eurozone and the UK’s fiscal deficit have intrigued many pupils and fuelled their desire to understand how decisions are made in the economy by households, firms and the government. Being interested in current affairs is vital for success in economics and pupils must also be happy to handle data.