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Economics

The conventional view serves to protect us from the painful job of thinking.” J K Galbraith

Our Philosophy

We believe that Economics should make you question the conventional. We need therefore to use our lessons to think and engage. This is how we will develop our learning. As teachers we will support your learning and help you to challenge flimsy evidence. It is taught by placing students in the position of real life decision makers rather than as passive recipients of economic theory. Lessons will be contemporary and challenging and ensure the students gain a genuine insight into the complexities of the Economic environment. All will learn to differentiate between powerful and superficial evidence which will help them to make reasoned judgments. 

What we expect from our students

Our role is to facilitate learning and to build an effective partnership with students. You will already have many of the skills needed to succeed in this subject. The trick is now to apply them effectively in a new context. You will meet this challenge naturally if you are enthusiastic in lessons, act on constructive criticism and show patience when progress is slow. Excellent attendance and the willingness to get things wrong then learn are keys to success.

Key Stage 5: A Level Economics

Description of Course

Year 12

We begin the course by introducing you to the basic problem faced by all counties – the relative scarcity of resources. We investigate different methods of allocating these scarce resources, analysing the market system in detail.

The context of this study is that you will appreciate the impact of technological innovation, environmental change and the global economy and be a better informed consumer in terms of present and future economic behaviour. The emphasis of the whole course is to place you in the position of economic decision maker. We do not ask you to learn theory in a vacuum. Instead we use theory as a tool to help you reach effective conclusions in a real life context. We investigate the role of the government in relation to the major issues facing the UK economy today, such as unemployment, inflation and whether we should sacrifice consumption to preserve our environment.

Year 13

The second year of study allows you to use the skills developed in year one by applying them to both the UK and the global economy.

 

Skills Required

To be successful on this course you must have a logical approach to problem solving and an interest in current political and economic issues. You will need to have the ability to manipulate numerical data and have the skills to develop a coherent written argument.

 

Entry Qualifications

No previous knowledge is assumed. We give preference to students who achieve grade 6 or above in Mathematics and English.

 

Method of Assessment 

  • Unit 1 - Markets and business behaviour
  • Unit 2 - The National and Global economy
  • Unit 3 - Microeconomics and Macroeconomics

 

Contact Name Mr J McGrath (Head of Social Science/ICT Faculty)

jmcgrath@lpgs.bromley.sch.uk

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