Economics at Goffs School
This will be the first opportunity many students will have had to study economics. However, this does not mean to say that you don’t know anything about the subject. Everybody has a basic understanding of many of the concepts, that when put together, make up economics. Thus, for example, you will know that prices go up if there is a shortage of something that people wish to buy.
Economics exists because we live in a world in which resources are scarce. We don’t have endless supplies of energy, minerals, food and so on. Our needs outstrip the means of satisfying them – this is what is called the economic problem. There is not enough to go round. Some people starve while others enjoy fantastic luxury.
Here are some examples of questions asked and studied in economics – What determines the price of something sold on e-bay? Should university tuition fees be scrapped? What should the government do about global warming? Should Britain join the Euro? Have the railways benefited from the process of privatisation? Why have house prices doubled over the last few years? Should smoking be banned in all public places? Should road pricing be introduced on all roads? How can it be that Bill Gates has an income that is more than the combined incomes of the 40 poorest countries in the world put together? Has Tesco got too much market power? How is Cuba’s economy different from the USA’s?
The course will be most appealing to students with an interest in current affairs and who have an enquiring mind.
Economics is a subject particularly well suited to those who want to pursue a career in accountancy, banking, finance, commerce, the civil service, charities, law and journalism. Students holding a degree in Economics can also gain employment as economists in the Bank of England, investment banks and the Civil Service. The Civil Service is the largest employer of economists who work in every government department. There has never been a better time to study Economics as there is currently a shortage of economists.
It is also a subject very suitable for many other careers including work in local authorities, housing, economic development, urban regeneration, town planning, charities, teaching and international development.
It is a highly respected traditional A Level, which is highly regarded by both employers and universities. It goes well with most A Level subjects. It goes particularly well with subjects such as History, Geography, Politics, Business Studies and Maths. It also complements A Level languages, sciences and ICT. Many students who study Economics at A Level choose to carry it on to degree level.
PROGRESSION TO UNIVERSITY
Most universities offer degree courses in Economics, with admissions criteria reflecting the nature of the university. Economics can be studied as a single or joint honours course e.g. you could do a straight course in Economics, or you could do a joint honours, in for example Economics and Law, or Economics and Politics – there are lots of different combinations. Economics can be studied as a BA or a BSc. If it is studied as a BSc there will be more Maths content to it. Some universities require students to have A Level Maths – others do not. For example, LSE and Warwick would require A Level Maths, as their Economics courses have a significant Maths element to them. However, all Economics degree courses will have some Maths based modules to them – the amount and level will vary between each institution.
How to apply
If you want to apply for this course, you will need to contact Goffs School directly.