Economics at Herschel Grammar School
At AS Level, you will investigate micro- and macroeconomics. Microeconomics addresses issues such as: ‘Why are house prices so high?’, ‘Can pollution effectively be controlled?’ and ‘Should governments interfere with markets?’ Macroeconomic issues include: ‘Why does the government have an inflation target, and how does it affect us in our everyday lives?’, ‘What happens to the economy if people decide to spend more?’, and ‘How are we affected by the Chinese and Indian economies?’
At A2 Level, you will build upon the knowledge you acquired during your AS year, and this material must be remembered. You will consider economic concepts and theories in greater depth, learn new theories and recognise the values and limitations of economic models. Again, you will study microand macroeconomics.
The microeconomic unit will look at business economics, and how markets can be dominated by large firms, the power they influence and how this impacts upon the consumer. You will also look at how firms grow, how governments can control firms, and learn how to draw cost and revenue graphs to show whether firms are making profit. The macroeconomic unit at A2 builds upon the AS macroeconomic unit. You will explore issues such as development in the third world, aid and trade, globalisation and multinational corporations, how foreign economies affect the UK, how income and wealth can be redistributed and whether its distribution is fair, and the European Union and the current Eurozone Crisis.
It should be noted that Economics is neither Finance nor Business Studies, and is largely devoted to looking at economic theories and ideas, and their impact in the real world.
In addition to the general entry requirements for the HerschelConsortium, you will need at least a Grade B in Maths and EnglishLanguage, and at least a Grade B in Economics or BusinessStudies if taken at GCSE. You must also have a healthy interest incurrent affairs and in how the world works. Studying Government& Politics alongside Economics would be advantageous.
How to apply
If you want to apply for this course, you will need to contact Herschel Grammar School directly.