Economics

Teachers: Mrs Straghan (HoD)

Facilities of  economics in RSD
One large, central room fully equipped with computer and data projector. There are a wide range of digital magazines available, including business cafe and economics. The school also has a subscription to Economics Today magazine. There are also a lot of books about economics available in our library.

What is economics?
Economics is concerned with the key issues facing us today, including globalisation, pollution and poverty it is essentially about choice: why different sorts of people and groups of people, such as governments, have to make choices; the choice they make; and the consequences of those choices. The work of economists transforms people live. 

Studying economics can be compares with studying medicine. Medical students learn about human body, what can go wrong and how to remedy it. Economics students learn how an efficient economy and markets in the economy should work, how market failure can occur and how governments can seek to improve economic performance. 

Economics gives pupils the ability to interpret data in both, written and diagrammatical forms. Pupils develop a better understanding of the economy. They learn to evaluate the economy and justify their views on it.

KS3
There is no key stage 3 or GCSE economics in RSD. AS level will be the first start on economics for all pupils.

A-Level
It is taught to AS and A2 pupils for 8 periods per week. At AS level pupils learn about market mechanism, market failure and government response, and natural economy. At A2, production and competition, the international economy and financial economics are all taught.