Economics

Entry Requirements: Grade B in IGCSE Mathematics and English or equivalent.

Economics is a widely accepted and well respected subject, particularly amongst the Russell Group Universities.

According to Prospects UK (http://www.prospects.ac.uk/options_economics.htm) “A degree in economics provides you with a wide array of both subject-specific and transferable skills, all of which are highly sought after by employers.” It is suggested that the following are potential careers for those with Economics related degrees: Accountant, Economist, Financial Risk Analyst, Statistician, Actuary, Civil Service Fast Streamer, Diplomatic Services Operational Officer, Local Government Officer, Management Consultant, Quantity Surveyor.

Theme 1 – Introduction to Markets and Market failure
Theme 2 – The UK Economy – Policies and Performance
Theme 3 – Business Behaviour and the Labour Market
Theme 4 – A Global Perspective

Assessment: Four units assessed with 3 x 2 hour papers, which comprise Multi Choice, data response and extended open-response questions.

The more competitive universities may see a combination of Business Studies and Economics as too narrow. If you are thinking of choosing both these courses, please contact Mr Chart-Boyles at dchartboyles@greshams.com

Entry requirements: Grade B in IGCSE Mathematics and English or equivalent.

Economics is a widely accepted and well respected subject, particularly amongst the
Russell Group Universities.

According to Prospects UK (http://www.prospects.ac.uk/options_economics.htm) “A degree in economics provides you with a wide array of both subject-specific and transferable skills, all of which are highly sought after by employers.”

It is suggested that the following are potential careers for those with Economics related
degrees: Accountant, Economist, Financial Risk Analyst, Statistician, Actuary, Civil
Service Fast Streamer, Diplomatic Services Operational Officer, Local Government
Officer, Management Consultant, Quantity Surveyor.

The syllabus consists of four sections.

• Intro to Economics
• Microeconomics
• Macroeconomics
• Global Economics

Assessment is through 2 papers for SL and 3 papers for HL Pupils, comprising data response and extended open-response questions. 3 Internal Assessments (coursework) make up 20% of the total marks for the exam (HL) and 30% for SL.

To help develop pupils’ interest, enjoyment and understanding of this exciting and relevant subject, the Economics Society runs on Saturday mornings and organises events during the year. It takes a variety of formats – outside speakers, lectures and social events. More recently the department has embarked on a project providing answers to questions posed by local firms to provide the students with real life opportunities to see how an Economist/Consultant operates. This involves students preparing the answers in the form of a report and a ‘business lunch’ where the firm is invited in to a presentation and the opportunity for a Q&A session on the report.

Economics is a popular subject to study at university, with typical requirements of AAA – ABB for the top universities. Many Gresham’s students choose to read Economics to degree level.

This subject is ideal for pursuing careers which require decision making, including Accountancy, Banking and Finance, Civil Service, Planning, Law and Management in all industries.