Economics at Reepham High School and College
* Should we legalise drugs?
* Should people be paid to give blood?
* Should people be paid unemployment benefit?
* Will we ever run out of oil?
* Which way should a goalkeeper dive to have the best chance to save a penalty?
These are typical questions asked by economists. Economics attempts to analyse how the world’s finite resources are allocated between infinite wants. It tries to explain what a society produces, how it produces these goods and who will benefit from them. A Level Economics is intended to provide you with the skills and theoretical knowledge to help you answer these big questions. In Year 12 you will learn about the forces that explain why gold is expensive but bread cheap. You will learn that the free market can “fail” and pollution or monopoly can result.
After Christmas you will develop an understanding of the UK economy and analyse economic growth, inflation, unemployment, exports and imports. You will learn why and how the Government might influence these variables. In the second year you will learn how to explain the behaviour of firms, how income is distributed within the economy, and how far the Government could and should influence this. Finally you will study the world economy, international trade, the EU and the single currency. Universities and employers regard Economics as a challenging and extremely valuable course. It develops logical thinking, analytical and evaluative skills in a real world context. You might also be interested to know that Economics graduates receive the fourth highest income amongst allgraduates.The subject is an excellent route into careers in finance, management and industry. Economics complements most subjects, as it places emphasis on developing
You will need at least 5 GCSEs at grade C or above including English or Mathematics and have to meet the minimum entry requirements for each subject. Grade ‘B’ in English and ‘C’ in Mathematics
How to apply
If you want to apply for this course, you will need to contact Reepham High School and College directly.