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Economics

Invaluable for exploring today's world.

The course encourages students to:

  • develop an interest in and enthusiasm for economics,
  • appreciate its contribution to the wider economic and social environment,
  • develop an understanding of a range of concepts and acquire an ability to use these concepts in a variety of different contexts,
  • develop an enquiring, critical and thoughtful approach to economics, and
  • develop skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult and working life.

AS Economics (Lower Sixth)

At AS, candidates investigate micro and macroeconomics. Microeconomics addresses issues such as: 'Why are house prices falling?', 'Can pollution effectively be controlled?' and 'Should governments interfere with markets?'. The macroeconomic issues covered include: 'Why does the government have an inflation rate target and how does it affect us?', 'What happens to the economy if people decide to spend more?' and 'How are we affected by the Chinese and Indian economies?'.

Unit 1 Markets and Market failure

Unit 2 The National Economy
  • The economic problem
  • The measurement of macroeconomic performance
  • The allocation of resources in competitive markets                   
  • The economic cycle
  • Production and efficiency                                                                                                                   
  • How the macro economy works: AD/AS analysis, the circular flow of income, and related concepts
  • Market failure
  • Economic performance
  • Government intervention in the market
  • Macroeconomic policy

 

A2 Economics (Upper Sixth)

At A2, candidate develop the micro and macroeconomics already learnt at AS, considering economic concepts and theories in greater depth, and recognizing the values and limitations of economic models. Both A2 modules explore two contemporary and relevant contexts: the global context, which includes the impact of globalization on UK economic performance; and the European Union context, embracing the effect of EU membership and economic policy on the UK economy. 

Unit 3 Business Economics and the Distribution of Income

Unit 4 The National and International Economy
  • Theory of the firm
  • Macroeconomic indicators
  • Competitive markets
  • Managing the national economy
  • Concentrated markets
  • The international economy
  • The labour market

  • Government intervention in the market

Latest Newsletter

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Autumn 2015

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Carol Concert4

St Paul’s Church, Hammersmith, was again full to the brim with pupils, parents and staff attending our popular annual Harrodian Carol Concerts, an opportunity for all Harrodians to celebrate the festive season through the medium of song.  Read more...

 

Backpacksb

Our Pre-Pre and Prep School pupils have donated over 400 bags as part of the Mary’s Meal Backpack Project. For the last two years, just before Christmas, Harrodian has supported the charity by providing backpacks full of essential items that enable children around the world who live in poverty to attend school. Read More...

 

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