Economics at The Bishop's Stortford High School
Examination Board: EDEXCEL.
'An economist is an expert who will know tomorrow why the things he or she predicted yesterday didnt happen today.' Laurence J Peter.
Economics describes, analyses and explains how and why resources are used to promote and sometimes undermine welfare and what might be done to address such problems. It is traditionally divided into looking at how individual markets work (Microeconomics) and how the economy operates as a system (Macroeconomics).
Year 12 students can join us for a trip to the City, visiting HSBC headquarters at Canary Wharf, Lloyds of London, and The Bank of England. Year 13 participate in the EBEA's annual lecture. Students are also invited to invest in an Economic Review (four quarterly magazines) over the academic year.
What makes a good Economics student?
A good Economics student needs to be able to cope with logic, complexity and contradictions in theory. There are a series of theories which require the representation of complex systems in abstract terms using graphs and statistics. The best economists are also seriously interested in the real world and want to understand how things work and why people, business, government and other institutions behave in the way they do. Having this interest means you are more likely to invest time in reading about what is going on in the news including reading the quality press.
Economics fits well with Mathematics, Physics, Politics, Philosophy, History and Geography but there is no reason why you can not combine it with any other subject.
Unit 1 , which looks at the microeconomics of markets and market failure, leads to an exam in January of the first year, which is a mixture of multiple choice and data response.
Unit 2 is an introduction to macroeconomics and the role of the State in managing overall economic growth and welfare. The unit is assessed in June and requires extended written answers.
For A2, Unit 3 is about how businesses behave and the role of the State in managing such behaviour to maximise productive and allocative efficiency as well as managing equity or fairness. This element is worth40% of the A2 year.
Unit 4 looks at the global economy and represents 60% of the A2.
B grade or above in GCSE Mathematics.
Examinations: 100% (January and June of Year 12 and 13).
There are few universities now that will allow you to study Economics at degree level without A-level Mathematics. Business Studies is not seen as an appropriate other A level if you are studying Economics.
Doing Young Enterprise is a very useful way of exploring the world of business in a practical way.
Career paths include City jobs such as stock-broking, insurance and pension fund management as well as research, consultancy, civil service jobs in local and central Government and a range of other institutions including charities, as well as teaching. There are also international organisations keen to employ economists including the European Union, the World Bank, World Trade Organisation and International Monetary Fund.
How to apply
If you want to apply for this course, you will need to contact The Bishop's Stortford High School directly.