Economics

Miss Lucy Miller (Head of Department)   BA (Reading), PGCE (UWE)
Dr Andrew Tytko BSc, PhD (Leeds), MA (Durham), PGCE (Kingston)

The study of Economics involves understanding the logic and thinking behind the theory which underpins the decisions made by politicians, civil servants and business professionals.  The approach to lessons is very varied - some is of the traditional 'lecture' style, others are based around discussion of current economic problems.  Students learn to work and think like economists - debating both sides of an issue, undertaking independent research, working on topics in pairs or small groups and presenting their overall findings

What is Economics?

  • A social science
  • The science of studying the economy
  • The science behind the allocation of resources
  • The science which studies human behaviour as a relationship between ends and scarce means which have alternative uses

Broadly speaking it is the social science that looks at human behaviour and tries to answer the main economic problem of what to produce, for whom to produce, and how to produce.  It is all about working with finite resources despite infinite wants.

There are three broad areas:

  • Microeconomics - focuses on individual behaviour and behaviour of the firm
  • Macroeconomics - all about aggregates and the global economy
  • Econometrics - statistical theory used to validate economic theories

 

Minimum Requirements

A degree of numerical work is involved in Economics and you will need to be confident looking at statistics and interpreting their meaning.  Much of the formal assessment requires long written responses with good structure and critical analysis of theory to be able to offer an informed judgement.  It is therefore essential you are confident writing essays and incorporating scientific models into these.  It is advisable that you have achieved a grade B at GCSE English.