Economics is a highly academic subject and prized by top universities across the land. This GCSE leads on to Economics A-level which has absolutely outstanding results. We regularly get students into Oxford and Cambridge to study Economics and related courses.
Economics fits well with other humanities like History and Geography and can lead to highly paid careers. Investment banking is one of the best jobs available and students leaving university can start on £50,000. Past students have gone into management consultancy, banking, accountancy and a variety of financial careers.
This course is pure Economics and is unashamedly academic and students choosing it do need to be comfortable with maths and diagrams as Economics has lots of these in it.
Microeconomics looks at individual issues such as why prices rise or fall, whether it be oil prices or housing. Topics like this involve students in thinking analytically and diagrammatically and this is why you need to be good at Maths to pick Economics GCSE. Big areas we focus on are how to prevent pollution, congestion and inequality and so the subject examines real problems and looks at the role of government, firms and individuals in solving them.
Macroeconomics looks at the sorts of thing you might see on the news each night. We would perhaps look at the causes of and cures for unemployment, the causes of economic growth and what affects our trade with other countries. Brexit is a good example of a macroeconomic topic. It is however a problem solving subject where students need to consider possible solutions to real world problems and evaluate which solutions are likely to work best.
There’s no coursework so you should expect traditional classroom teaching. Lessons will include discussions, structured exercises and practice of exam questions.
The course has 2 exams each of which is 1 hour 45 minutes long.
Each exam has two sections as below:
Section A: 10 multiple choice questions followed by a range of calculations, short and extended response questions.
Section B: five questions involving a mix of calculations, short and extended responses.