What is it?
Economics describes the factors that determine the production, distribution and consumption of goods and services. You will research and debate issues such as inequality, financial meltdowns and human behaviour and interpreting data and discuss alternative solutions.
Why study this subject at Blackpool Sixth?
If you have a passion for knowing and learning about how the world works on both a local, national and international level. If you enjoy debating social issues and coming up with solutions to those issues. If you enjoy learning about a vareity of different fields including Geography, Maths, Business, History, Politics and Sociology, as Economics incorporates many of these into the subject.
What skills will I develop?
- An appreciation of the contribution of economics to the understanding of the wider economic and social environment
- An understanding of a range of concepts and an ability to use those concepts in a variety of different contexts use
- An enquiring, critical and thoughtful approach to the study of economics and develop an ability to think as an economist
- A understanding that economic behaviour can be studied from a range of perspectives
- Develop analytical and quantitative skills, together with qualities and attitudes that will equip you for the challenges, opportunities and responsibilities of adult and working life
How will I be taught?
- Collaborative research tasks
- Group work/essays
- Keeping up-to-date with relevant news articles
- Exam style questions
- Video clips
How will I be assessed?
The teaching team are experienced in marking for the exam boards. They have economics and business degrees and experience within industry.
Field trips, projects and employability opportunities
- Visits to Paris and New York
- London Trip – A-level revision course
- Career Ready Academy
Where does it lead?
A lot of students go onto study economics at universities such as Manchester, Durham, Leeds and we have had a student in recent years go onto study at Yale in the US. Students have also moved onto prestigious apprenticeship programmes including BAE systems and at local accountancy firms such as Champion to complete their AAT qualifications.
GCSE grade 5 in maths and a grade 5 in English language or literature. If your English language and/or literature is grade 4, then a grade 5 in another essay-based subject will be considered (e.g. history, geography, religious studies).
A calculator. Revision books are available at a cost of £5 each.
What will I study?
- how markets work
- market failure
- government intervention
- business growth
- business objectives
- revenues, costs and profits
- market structures
- labour market
- measures of economic performance
- economic growth
- objectives for the economy international economics
- poverty and inequality
- emerging and developing economies
- the financial sector