Economics is a social science concerned with the challenges of searching for acceptable levels of economic well-being. The quest is of particular relevance not only because of the vast gulf separating the poorest and the richest inhabitants of the planet but also because of the limits of resources, time and human effort. Students will acquire an understanding of a set of principles that will enable them to explain and discuss many real-world economic events, with specific reference to individual markets, businesses, UK government economic policy and global concerns about climate change, migration, international trade and poverty. The course sets out to develop students’ problem-solving and evaluation skills. Students will also be developing data handling and application of number skills – e.g. ratios, percentages, index numbers, rates of change, and graphs. Students should note that a high capability in Mathematics is essential when applying to study Economics at university. For some of the most competitive courses, IB Higher Level or Further Mathematics A Level is a requirement. Theme 1 Introduction to Markets and Market Failure. This theme introduces students to the microeconomic nature of economics, looking at economic problems and the way economists think and work. Theme 2 The UK Economy – Performance and Policies. This theme introduces the key measures of economic performance and the main instruments of economic policy primarily in the UK. Policies will be considered in a historical context, with particular reference to 2007/8, the COVID-19 shock, and the 1930s. Theme 3 Business Behaviour and the Labour Market. This theme builds on theme 1 and it examines the behaviour of firms in different market contexts and considers the role of government regulation of markets. The labour market will be evaluated, including a consideration of migration and the role of government. Theme 4 A Global Perspective. This theme builds on theme 2. Students will study globalization, international trade, the balance of payments and exchange rates. They will also study the economics of developing and emerging economies as well as the role of financial markets.
For popular courses such as Economics, English Literature, History, Medicine, or Psychology, all of the competitive universities require at least grade AAA at A Level or, usually, a score of 37-39 IB points; the most competitive require A*AA (or even occasionally A*A*A) or 7 points in one or more HL subject. Universities such as Bath, Bristol, Durham, Imperial, Manchester, UCL and Warwick may also require A*AA or 7 points in an HL subject for courses in Sciences, Engineering or Mathematics; a few of these courses will require IB students to have 7 points in a specific HL Science or Mathematics and A Level students to have A* in a specific Science or Mathematics. Cambridge currently requires a minimum of A Level grades of A*AA for all Arts courses and Psychological and Behavioural Sciences, and A*A*A for all Science courses, Computer Science and Economics. Irrespective of course, the standard IB requirement is 40-42 points, including 776 in the three Higher Level subjects. In practice, however, higher (or lower) offers are sometimes made to both A Level and IB students; these are decided on an individual basis. Oxford currently requires A Level grades of AAA for all Arts courses and for Human Sciences, A*AA for most Science courses, Economics and Management, Geography, and Psychology, Philosophy & Linguistics, and A*A*A for Chemistry, Engineering and Mathematics courses. Irrespective of course, the standard IB requirement is 38-40 points with 666-776 in the three Higher Level subjects. Unlike at Cambridge, these entry requirements are standardised across the university and are rarely raised or lowered.
Assessment will be by written examinations at the end of the two-year course. This will consist of three externally marked papers, each of two hours in length. Papers 1 and 2 will have 35% weighting each and paper 3 will have a 30% weighting. Paper 1 Markets and Business Behaviour This paper will assess microeconomics and questions will be drawn from Themes 1 and 3. Paper 2 The National and Global Economy This paper will assess macroeconomics and questions will be drawn from themes 2 and 4. Paper 3 Microeconomics and Macroeconomics Paper 3 will assess content across all four themes.
About Education Provider
| Region | London |
| Local Authority | Hammersmith and Fulham |
| Ofsted Rating | |
| Gender Type | Girls |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | £26,831 |
| Address | Iffley Road, Hammersmith, London, W6 0PG |
Economics is a social science concerned with the challenges of searching for acceptable levels of economic well-being. The quest is of particular relevance not only because of the vast gulf separating the poorest and the richest inhabitants of the planet but also because of the limits of resources, time and human effort. Students will acquire an understanding of a set of principles that will enable them to explain and discuss many real-world economic events, with specific reference to individual markets, businesses, UK government economic policy and global concerns about climate change, migration, international trade and poverty. The course sets out to develop students’ problem-solving and evaluation skills. Students will also be developing data handling and application of number skills – e.g. ratios, percentages, index numbers, rates of change, and graphs. Students should note that a high capability in Mathematics is essential when applying to study Economics at university. For some of the most competitive courses, IB Higher Level or Further Mathematics A Level is a requirement. Theme 1 Introduction to Markets and Market Failure. This theme introduces students to the microeconomic nature of economics, looking at economic problems and the way economists think and work. Theme 2 The UK Economy – Performance and Policies. This theme introduces the key measures of economic performance and the main instruments of economic policy primarily in the UK. Policies will be considered in a historical context, with particular reference to 2007/8, the COVID-19 shock, and the 1930s. Theme 3 Business Behaviour and the Labour Market. This theme builds on theme 1 and it examines the behaviour of firms in different market contexts and considers the role of government regulation of markets. The labour market will be evaluated, including a consideration of migration and the role of government. Theme 4 A Global Perspective. This theme builds on theme 2. Students will study globalization, international trade, the balance of payments and exchange rates. They will also study the economics of developing and emerging economies as well as the role of financial markets.
For popular courses such as Economics, English Literature, History, Medicine, or Psychology, all of the competitive universities require at least grade AAA at A Level or, usually, a score of 37-39 IB points; the most competitive require A*AA (or even occasionally A*A*A) or 7 points in one or more HL subject. Universities such as Bath, Bristol, Durham, Imperial, Manchester, UCL and Warwick may also require A*AA or 7 points in an HL subject for courses in Sciences, Engineering or Mathematics; a few of these courses will require IB students to have 7 points in a specific HL Science or Mathematics and A Level students to have A* in a specific Science or Mathematics. Cambridge currently requires a minimum of A Level grades of A*AA for all Arts courses and Psychological and Behavioural Sciences, and A*A*A for all Science courses, Computer Science and Economics. Irrespective of course, the standard IB requirement is 40-42 points, including 776 in the three Higher Level subjects. In practice, however, higher (or lower) offers are sometimes made to both A Level and IB students; these are decided on an individual basis. Oxford currently requires A Level grades of AAA for all Arts courses and for Human Sciences, A*AA for most Science courses, Economics and Management, Geography, and Psychology, Philosophy & Linguistics, and A*A*A for Chemistry, Engineering and Mathematics courses. Irrespective of course, the standard IB requirement is 38-40 points with 666-776 in the three Higher Level subjects. Unlike at Cambridge, these entry requirements are standardised across the university and are rarely raised or lowered.
Assessment will be by written examinations at the end of the two-year course. This will consist of three externally marked papers, each of two hours in length. Papers 1 and 2 will have 35% weighting each and paper 3 will have a 30% weighting. Paper 1 Markets and Business Behaviour This paper will assess microeconomics and questions will be drawn from Themes 1 and 3. Paper 2 The National and Global Economy This paper will assess macroeconomics and questions will be drawn from themes 2 and 4. Paper 3 Microeconomics and Macroeconomics Paper 3 will assess content across all four themes.
