Key Stage 5
|Why study Economics?
You will enjoy this course if you want to study a subject that involves:
· a combination of essay writing, numerical data handling and reading comprehension skills,
· fostering a passion for current affairs,
· enhancing debating, decision making and problem solving skills,
· developing the logical analysis and chain of reasoning,
· practising evidence-based evaluation skills
|What will you study?|
|You will be examined on Microeconomics, Macroeconomics and The Themes.
Microeconomics involves the decision making by the government to intervene in the interaction of supply and demand in the individual markets to correct market failure in order to solve the basic economic problem of scarcity.
Macroeconomics is about the government’s decisions on the nation-wide basis and involves objectives such as low unemployment, low and steady inflation, high economic growth, and equity in income distribution.
The Themes would allow you to apply the knowledge gained in these two units in the setting of International Economics, Development Economics, and Financial Markets to name the few.
|How will you be examined?|
|Paper 1: Microeconomics||33% of your grade. 2 hours. 80 marks, of which 50 marks are two 25-marks essays, and the rest are shorter (2-15 marks) questions related to a case study.|
|Paper 2: Macroeconomics||33% of your grade. 2 hours. 80 marks, of which 50 marks are two 25-marks essays, and the rest are shorter (2-15 marks) questions related to a case study.|
|Paper 3: The Themes||33% of your grade. 2 hours. 80 marks, of which 30 marks are multiple choice questions and the rest are short questions (2-15 marks) based on a case study.|
|What will Economics offer you in the future?
Apprenticeships: former Economics RGS pupils successfully applied and are currently working at the Bank of England, Ernst and Young, Price Water House and other audit firms straight after school.
University degrees: former Economics RGS pupils went to study Economics and Management at Oxford, Land Management at Cambridge, Economics at Warwick, Durham, Essex, Queen Mary etc.
Future careers: one former RGS Economics pupil is doing PhD in Economics in New York, some have Summer internships at Bank of America Merrill Lynch, Morgan Stanley and other financial institutions in the city, and some work in accounting and audit, and some as economists for private or public sector.