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Economics

We make economic decisions every day, even though most people don’t realise it.

How do I decide between the cinema and watching my favourite team, going for a run or reading an article in the Economist, as these represent conflicting choices concerning my time and money?  I am forced to decide which of my wants is most important. That’s the whole idea behind economic decisions; there are not enough resources available to the world, to satisfy everyone’s wants. As economists, we attempt to understand the decisions that are made and analyse their impact on individuals, firms and society as a whole.

At RGS we attempt to provide a framework for students to make sense of the world around them, develop an understanding of current economic issues, problems and institutions that affect everyday life.  In short, students learn to analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of the government within it.

At A Level, students do not have to deal with complicated mathematics but they must be able to think logically and in the abstract. Students also require a clear mind and an ability to think logically. Strong GCSE grades are required in both Maths and English to undertake this course. The most successful students must also have an interest in current affairs. It should be noted, however, that most UK universities either require, or strongly prefer, Economics applicants to have studied A Level Maths.

Trips are regularly undertaken both overseas and more locally. Recent destinations have included Shanghai, City visit to Deloitte’s, Docklands visit to Citibank and State Street Bank, Towers Watson Reigate.

The Economics society meets weekly where students present on topics of interest, debate and enjoy visiting speakers across a range of topics. Tom Holland of Acquire Marketing, Ian Harwood, Chief Economist at Redburn and RGS’ own Head of Marketing, Emily Wordley have all provided great insights to students recently.

We encourage our students to develop their understanding of the subject by entering external essay competitions, for example the Royal Economics Society (RES) and Institute of Economic Affairs (IEA), attend public lectures at LSE and students have also visited Eton College to take advantage of their speaker programme. All students are offered an annual subscription to the Economist at a greatly reduced price.

 

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