All students will become part of the economic system that drives the world either as workers or customers. Studying Economics provides an understanding of the economic systems and how we can manage our personal finances within this system.
Economics encourages students to consider the practical application of economic concepts and explores the theories and concepts in the context of events in the business and economic world.
Key Stage 3
This subject is not taught at Key Stage 3.
Key Stage 4
Unit 11 – Personal Economics
This unit aims to equip students with the basic tools of the economist to help them understand their place in, and contribution to the local, national and global economy as consumers, workers and citizens. They will be encouraged to investigate a range of contemporary issues, analysing the evidence from different perspectives so as to make reasoned judgements and informed decisions.
Unit 12 – Investigating Economic Issues
In the study of this unit students will further develop their understanding of economic concepts and theories studied in Unit 11. Students will apply these to a range of economic issues locally, nationally and globally.