Economics - AS / A level at Ipswich School
Why have the earnings of top directors caused so much controversy . . . can such high rewards be justified? What about the earnings of top footballers? Top bankers?
What causes inflation? Why do we have an inflation target in the UK of 2%? How easy is it to achieve this target? What causes deflation?
How can we deal with the growing problem of traffic congestion . . . should the London Congestion Charge scheme be extended to all towns and cities?
Why did the government introduce tuition fees for university courses? Are these fees justified.....should they be higher?
What is globalisation? Are the effects of globalisation beneficial or harmful? Should we welcome or worry about the growth in the economic power of countries like China and India?
What influences the exchange rate? Should we join the Euro-zone group of countries and adopt the single European currency?
Credit crunch.....What credit crunch? Recession.........What recession?
Whatever the problem - and there seems to be a never ending list of them - it is clear that Economics plays a very important part in understanding the issues that shape our everyday lives. Yet very few people have even an elementary understanding of these issues.
Although the emphasis throughout the course will be on understanding current economic issues and events, you will need to acquire a good understanding of the theoretical principles and techniques that Economists use to make sense of the economic events that surround you.
Your studies will also lead you to recognise the similarities and differences in the economic problems that confront individual consumers, workers, companies and countries whatever their stage of 'development`. An understanding of recent domestic and global events will help you become aware of the historical context that is so important for the rigorous analysis you will undertake. The areas studied will include the following:
AS Level - introduction to basic economic theory
Introductory Microeconomics Introductory Macroeconomics
A2 Level - more advanced coverage of theory especially international issues
Advanced Microeconomics Advanced Macroeconomics You will become competent and confident in handling, interpreting and discussing economic data. The course will help you understand some of the complexities of the real world - you will find that there are no easy solutions. Economic problems, after all, are human problems and we know how unpredictable people can be! The course will be challenging and, at times, very demanding but it will be a lot of fun too. Above all, the issues you study and the techniques of thinking that you learn will be very relevant to you now and in your future careers.
Students within the Department have had considerable success in regional and national competitions and produce their own magazine The Lore of Economics . The Economics Department also contributes regularly to national Economics magazines . . . you will have the chance to join in these exciting activities.
You will require a B grade in GCSE Mathematics and English to undertake the course. Economics is a social science – it enables you to maintain contact with numbers and develop your writing skills in an analytical manner. The subject therefore combines very well with any other AS choice.
How to apply
If you want to apply for this course, you will need to contact Ipswich School directly.