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Economics

Economics relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by government and firms. The economic way of thinking can help us make better choices.

Economics A-level at Wisbech Grammar School will equip you with the skills to explain who will get what, how they will get it and why. It is an engaging subject that can take you beyond the confines of school and out into the wider world. The course that we offer investigates the Micro and Macro environment of economic theory. We study the functions of markets and the behaviour of firms that operate within them. We focus on the wider global trade patterns and drivers of growth in world economies.

There are four themes:

Theme 1: Introduction to markets and market failure

Theme 2: The UK economy – performance and policies

Theme 3: Business behaviour and the labour market

Theme 4: A global perspective

You will be assessed through three examinations, using a range of different question styles. Lessons explore the core concepts as well as using current economic issues to add context to your learning. It is a robust subject which will develop your skills which you can then pursue further by studying Economics at university or transfer those skills developed in other pathways.