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ECONOMICS

Curriculum Intent

The Economics curriculum is built upon the core concept of creating economically active citizens, who can play an active role in shaping society and correcting asymmetric information. We aim to give students a wide range of transferable skills for maximising utility in education, into the workplace and the community.

The Economics curriculum focuses around students developing critical analysis and evaluative skills and being able to use these in the real world. Economic theory is only part of the learning journey with the application of context and development of wider understanding and challenging student’s socialmoral and ethical understanding. Our curriculum will push students understanding and beliefs encompassing core PSHE themes from tackling controversial issues such as immigrationpoverty and wealth to pollution and corruption enabling our students to critically analyse political decision-making.

We believe a key part in society today, is the understanding of polarised views and the role situational bias can play in these. Economics students become proficient at analysing why these ideologies exist, but also the opportunity cost if they were to be applied. Students will become experts in applying to context and identifying current themes such as moral hazard that will distort the greater good of society.

Debt and the availability of credit is more significant than ever before for both individuals and the economy as a whole. Our students will recognise the role money plays in specialisation but also the importance the availability of credit has upon the economy and its importance in maintaining our standard of living while also articulating the significance and factors influencing debt. The aim is not only for our students to become experts in theory but competent in identifying potential opportunities and problems and offering solutions.

Curriculum Principles

  1. To develop students who recognise and understand the basic economic problem of unlimited wants but scarce resources within our world.
  2. For students to develop specialist knowledge on the role of credit and debt on both individuals and society.
  3. To equip students with the skills to critically analyse and evaluate a wide range of scenarios, the opportunity cost and associated validity of contrasting perspectives.
  4. Empower students with the ability to apply theory to the real world in a multitude of situations and challenge stereotypesdiscrimination and herding behaviour.
  5. To create economically active citizens who take an active interest in decisions impacting upon individualssociety and the country as a whole.
  6. To enable students to recognise moral hazard and tragedy of the commons in action along with the associated costs and benefits to society.