Economics is the study of how we deal with the problem of scarcity in a world of infinite human wants. It is the study of the choices that we make, given this problem. It is a modern and dynamic subject which looks at current economic issues.
Despite being a theoretical subject, we are constantly looking at how we put this theory into practice, thereby looking at issues such as government policy, trade relationships and business decisions. Economics is a constantly changing subject so an interest in current affairs is vital. While Economics does not examine specific businesses, it does look at the markets in which business operates and what their role is in producing goods and services to solve the economic problem.
How will I be assessed? Two final examinations. There is no coursework.
Is this the course for me?
You should be interested in reading about current events and following world news.
You should be able to think independently and critically, and also offer opinions.
You should have good mathematical skills and be comfortable in handling data.
Post 16 Pathways The study of IB Economics is an obvious pathway for those who have studied IGCSE Economics. Equally it can be taken by those without IGCSE if they have an interest in Socio Economic and Political Issues. The study of the subject is good preparation for future study in Economics, Business and Finance related degrees. For Further Information: Please see Ms Cathy Tang Hales, Head of Economics