In today’s society Business operates on a global level. It is a part of a larger society, and depends on the external environment for resources. This is where Economics has a fundamental role. Economics is all about choices and the impact our choices have on others. This way, the survival of the firm or enterprise, to a considerable extent, is contingent on the nature of the existing relationship with its environment. Studying Economics will help you to see how different forces such as unemployment, prices, international trade and poverty affect our lives. Economists are often in healthy debate with each other over these issues. It is this controversy which makes Economics lively and interesting and allows you the opportunity to make your own judgments and form your own opinion.
As part of the ‘A’ level course you will get the opportunity to visit the Bank of England Museum. The visit provides invaluable insight into how interest rates are determined and the workings of the financial capital.
Studying Economics can lead to many exciting career paths. Typical jobs include the finance sector including banking, tax advice, actuarial work, insurance and trading. Other roles that Economics graduates regularly go into include management; marketing, sales and advertising; human resources; IT and education.
Economics is only taught at Key Stage 5 (Post-16)