Economics

Subject Overview

Economics will help you to understand economic concepts and theories, through a critical consideration of economic problems and issues that affect our everyday lives such as...

  • The possible implications of Brexit
  • Should the MPC increase interest rates now?
  • Is growing income inequality a problem?
  • Are Amazon and Facebook too big?
  • Why does the UK’s poor productivity matter?

At Stonyhurst, we aim to tackle these issues using economic models but also mindful of the ethical and social implications of those economic decisions.  We aim to help our students develop skills and capabilities that will help them in their adult and working lives. Many of our students go on to study economics based courses at University.

Curriculum

A Level (sixth form)

A Level Economics follows the edexcel curriculum, focusing on four key themes:

Theme 1 – Markets and market failure

Theme 2 – The UK economy

Theme 3 – Business behaviour and labour markets

Theme 4 – A global perspective.

IB Diploma (sixth form)

Economics can be studied as part of the International Baccalaureate Diploma at standard or higher level.

The course is broken down into four units:

  • Unit 1 – Microeconomics
  • Unit 2 – Macroeconomics
  • Unit 3 – International economics
  • Unit 4 – Development economics

Our IB Diploma Programme is designed to produce highly-educated all-rounders who embrace social responsibility, intercultural awareness, and a duty to local and global communities to make an increasingly complex world a better place.