Economics
‘The ultimate purpose of economics is to understand and promote the enhancement of wellbeing’ - Ben Bernanke
Our goal in the Economics department at Waldegrave School is to equip every A Level student with the tools they need to enable them to apply economics in real life situations and understand the world around them. We aim to build the foundations of not only how, but why, thinking and acting like an economist will enable our world to overcome problems through allocating resources more efficiently.
The department seeks to inspire each student with knowledge and enthusiasm for economics and to enable them to think creatively, analyse and evaluate with confidence. This is based on the Edexcel syllabus and built upon the framework the department provides each student during their time at Waldegrave. Students will study four themes over the duration of the course - two microeconomics and two macroeconomics. In microeconomics they will look at how markets work, why markets fail, the behaviour of business and the labour market. In macroeconomics, they will study how economic performance is measured, the performance and policies of the UK economy, the global economy, international trade, the financial sector, poverty and inequality and development economics.
We also aim to provide a wide variety of co-curricular activities to complement the A level Economics course. We have a number of speakers who come into school throughout the year as well as a trip to the City of London and Docklands in Year 12. We encourage Economics students to participate in the Waldegrave MBA and to enter various Economics competitions throughout the course.