The pupils will develop an interest in and enthusiasm for Economics. They will appreciate the contribution of Economics to the understanding of the wider and social environment. They will develop an understanding of a range of concepts and ability to use those concepts in a variety of different contexts. Pupils will do so using an enquiring, critical and thoughtful approach to the study of Economics and the ability to think as an economist. They will understand that economic behaviour can be studied from a range of perspectives. They will develop analytical and quantitative skills, together with qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.
The pupils will learn about the micro and macroeconomic issues that face national and international economies. The pupils will identify how economies function. They will investigate the different types of economies that exist and be able to identify the key characteristics of same and evaluate their merits. Pupils will base these judgements on established economic theory; classical, neo-classical and modernist. The pupils will present their findings in well thought out and structured pieces of writing in which they reach substantiated judgements and argue their case, including why economic agents such as financial institutions and governments should or should not follow certain courses of action.
The pupils will develop a curiosity for Economics. As part of the real-life element of the course, pupils will read newspaper articles related to what is happening in the economy as well as watching and reflecting upon topical documentaries on domestic & international economic issues. Pupils will learn to understand the role that firms, financial institutions and the government plays in terms of the economy and the role that they all play in the context of economic growth. They will become reflective thinkers. As a result of engaging with a wide range of sources and application of academic theory, pupils will be able to critically asses the performance of each of the economic agents, giving clear reasons why economic agents act as they do.