Head of Department: Mr Richard Anderson
Economics is about choice and the impact of our choices on each other. Our approach helps students understanding of how the local / national / global economy works through analysing economic issues, problems and institutions that affect everyday life. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices.
In Economics we support students in becoming observant, being interested in reasons why things change, we help them to understand their potential role within it and to argue their view in a way which keeps to the rules but can persuade.
A significant component of our curriculum focuses on microeconomics. The theoretical workings of the free market provide a useful starting point for explanation and analysis. Imperfections and market failures provide a lead into discussing the merits and drawbacks of government intervention and the usefulness of theory in explaining observations taken from the real world of economics.
We build from microeconomics to a focus on ‘macroeconomics’. We provide students with the technical and analytical tools required to understand how the economy functions both domestically and globally. The curriculum encourages students to adopt a critical approach to their study of policy through understanding the limitations and conflicts that they present.
The subject has three classrooms that are used extensively for Economics and Business