Ysgol Stanwell School

Archer Road, Penarth, Vale of Glamorgan, CF64 2XL

Economics

Head of Department
Mr J Crook
Teachers
Ms R Baker
Ms A Wilson

In Economics we try and make sense of every day decisions. For example:

  • What makes someone pay £185 for the world’s most expensive paper bag?
  • What makes you choose between going to the cinema with friends, over a fashionable top you’ve been drooling over for the past couple of weeks?
  • How does the government choose between cuts in the health service and cuts in education?

Economics is not about statistics and certainly does not contain lots of complex mathematical calculations. It is about what motivates us to make choices that we do. Ultimately, we all make our own decisions. However not everyone makes the same choices. In Economics we try and explain these choices, which is why Economics is both challenging and thought provoking.

Some comments made by current students:

“You do realise sir… that next time I’m queuing in Mcdonalds I’ll be thinking about the law of diminishing returns”

“Sir… I never really thought about it that way”

“It all makes sense now”

Economics is broadly broken down into two components; microeconomics and macroeconomics.

In microeconomics we focus on the behaviour of individuals and small firms. Questions we consider include:

  • Why is it that unskilled celebrities are paid more than doctors and surgeons?
  • What are the factors that determine the price of fuel?
  • What are the objectives of businesses?
  • What are the reasons behind some of the government’s actions?
  • In macroeconomics we study the whole economy including topics such as international trade, inflation and government policy.

Study Economics and you’ll find out the answers to the above questions and gain a qualification in one of the most highly regarded subjects by colleges and universities.

If you want to know more please don’t hesitate to pop in to G25 and have a chat with Mr Crook.

Key Stage 4

We offer AQA Economics at GCSE.

Year 9: Pupils study Unit eleven ‘Personal Economics’ and covers the personal life-cycle, choosing to spend, save or borrow, money management and the economics of wages and employment.

Years 10 & 11 study ‘current economic issues’ – exchange rates, international trade and the EU, the Welfare State, growth and the environment.

Data response is the main form of assessment.

Further information can be found on the AQA Business Subjects and Economics’ page.

Sixth Form

We offer WJEC Economics at A Level.

A/S Economics is offered to students as either a new subject or as a chance to develop their existing knowledge. The specification demands a thorough grounding in the basics of micro and macro theory plus international trade.

A2 Economics features the same modes of assessment and further study of macro issues, trade and globalisation, development theory and the conventional theory of the firm

Assessment is via external examinations only, with short answer questions, data response and essays all required.

Further information can be found on the WJEC’s website.

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