What is Economics?
Economics is the study of the production and distribution of wealth, providing an introduction to theories that explain issues affecting our daily lives. The course aims to develop a critical understanding of the workings of a market economy and an ability to appraise the role of the government in such an economy. Students are also expected to use economic concepts to solve current economic issues and problems. Students who are able to apply common sense and general knowledge to their work in this subject are in an advantageous position both in terms of success and enjoyment of their studies.
What other subjects go well with Economics?
Economics combines well with a range of other subjects: Accounting, Mathematics, History, Geography, Politics and Computing are among the more popular choices.
What will I gain from studying the subject?
Studying Economics develops a wide-range of skills, which are useful in many careers. The subject is particularly suitable for those considering a job in commerce or government. Over the past few years, the subject has become one of the college's most consistently successful subjects, largely due to its suitability as a course which can be taken as a new subject over one year. A range of skills are required as all examination boards set multiple choice, data response and essay questions. Whilst examination success is the primary aim, the courses fully exploit the interdisciplinary nature of the subject taking elements from Business Studies, Geography, Politics, Sociology, Philosophy and Mathematics.
Do I have an aptitude for the subject?
Students opting for this subject should have an interest in current affairs and a curiosity to learn how economics function. Much of the knowledge that will be acquired during this course will be new to most students and does not require previous study. The course will require the application of the skills of analysis and evaluation of both numerical data and written information. A sound level of numeracy is required and although the subject demands a logical approach, a high level of mathematical skill is not essential. You will need a reasonable standard of written English and have the ability to read and understand complex texts.