Mrs Sue Hurley
What do students study?
Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals.
Students will discover the fundamentals of the economic problem: why we make the choices we make and the impact of our choices.
In Unit 1, students look at specific markets and discover how demand and supply governs everything that we do.
In Unit 2, students look at the external environment and how things such as inflation, growth, unemployment and foreign trade affect us all.
Candidates choose one of two options, either:
- Economics of work and leisure, or
- Transport economics
Within Economics of Work and Leisure, students will study the economic concepts and theories that help economists to understand and analyse labour market issues. Students consider leisure industries in terms of models of market structure and the ways in which leisure needs have a bearing upon the demand and supply of labour.
Within Transport Economics, students look at the economic principles and context underlying a range of transport problems and issues. This option considers transport provision in terms of the models of market structure, especially in the context of contestability in such markets.
How are students assessed?
The course is taught through a mixture of teacher-led lessons, discussions, active lessons, presentations, case studies, videos, guided self-studies, and the use of the college portal and internet. Course assessment is through short tests, objective test questions, essays, and case studies.
Contact Mrs Sue Hurley for further information: