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Economics

Economists are central to key policy decisions around the world at all levels. It is a subject for the intellectually curious and for people who want to understand how decisions are made, the outcomes of these decisions and how to make the world a better place. 

Why study Economics?

Have you ever wondered why top footballers earn many multiples of the salary of a nurse or why poverty persists in some countries while others are so rich. Have you ever wondered why climate change is such a challenge to solve and why so many roads are congested. Would it surprise you to know there are many parallels between congestion on the roads and wait lists for NHS services. Have you wondered why governments can borrow money in a way that a household cannot. Studying Economics will give you insights into these questions and many, many more.

Would you like to address the considerable gender imbalance that exists in the economics profession. With your input, and people like you, we can help ensure that a broad balance of perspectives are considered.  Click here to read more from the Royal Economic Society about why this is so important.

Economics will also give you a valued and valuable skill set as you strive to throw light on the issues that matter. These include problem solving, communication, numeracy, commercial awareness, analysis and decision making to name but a few. These skills are highly valued by employers and universities. Imagine that very soon you could pick up a newspaper and understand the stories it contains and have a robust and informed opinion on them. A Level Economics gives you all these vital life and work skills even if you take it no further.

Never has there been a more exciting time to study Economics as we look back to the Global Financial Crisis, the seismic impact of the COVID-19 pandemic and look forward to how best to meet the challenges of higher growth and improved productivity. These are macro issues (affecting whole economies, groups of economies and indeed the whole world) but they impact all of us in our everyday lives and they shape the world we will live in tomorrow. It has been said that the Economics we study today in school and university shapes the policies of tomorrow. 

Buzz-Onomics blog

Regular updates on some of the important stories in the news