Economics

'Economics is too important to be left to the experts' - Ha-Joon Chang

Economics

'Economics is too important to be left to the experts' - Ha-Joon Chang


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Key Stage 5

Students are new to the subject at A Level but quickly gain an understanding of both the micro and macro aspects of Economics. In Year 12  the focus is on how markets work and how markets can fail. The theory of demand and supply is a core part of the course. Also covered in the course are: measures of economic performance, such as growth and employment, and government policies to achieve their macroeconomic goals, such as stable prices and improved standards of living. 
In Year 13  much greater depth is required, and the macroeconomic focus is on the global economy, not just the UK. The course includes the causes and impacts of globalisation, patterns and determinants of trade and competitiveness, how countries develop, and government macroeconomic policies. The students also gain a greater insight into how businesses compete in markets and what is meant by efficiency. 
Much emphasis is placed on applying the economic concepts studied to the real world. There is a good deal of debate and discussion of topical economic issues, and group work is frequently used to wrestle with key questions encountered in the course. Students are encouraged to be independent learners and have many opportunities to develop their presentation skills. 

A good number of students go on to read Economics at university, including at Oxford and Cambridge.

PLEASE CLICK HERE FOR A DETAILED BREAKDOWN OF THE CURRICULUM WITHIN EACH KEY STAGE 

Curriculum activities and trips

The students are encouraged to make the most of the many extra-curricular opportunities available, both in school and externally. There is an active Economics Society that organises weekly meetings and debates which includes some outside speaker-led meetings. Year 12 students visit the Bank of England in the summer term and  Year 13 students attend a revision workshop in the Spring Term. Many students also attend external lectures and presentations at, for example, the London School of Economics, University College London and the Institute for Economic Affairs.  Students are also actively encouraged to enter national essay-writing competitions.

 

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Studying Economics at HBS has allowed me to understand in greater depth the economic events that happen around us, which has been interesting and fulfilling. HBS Student

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