The keys to a decent result at Pre-U Economics are:
The subject is taught in a discursive manner so those who read newspapers and watch the news will find it most interesting. Assessment is based on a combination of data response, supported choice and essay type questions. It is certainly not necessary to take Mathematics as a Specialist to achieve a high grade in Economics.
The first year covers the theoretical ideas that are the tools of economic analysis. We will cover the fundamental economic question of the scarcity of resources, how the free market works (demand & supply), how the market ‘fails’, and what governments can do to make the economy more efficient. The second area we will cover will be the management of and problems faced by the UK economy at the start of the 21st Century. The second year consolidates and expands the theory that has been encountered in the first year. This will allow a greater depth of study in a number of areas such as development economics and theory of the firm.
The exam comprises four papers:
1. Multiple choice
2. Data response
3. Essay paper
4. Long prepared essay produced in exam conditions
Economics can be linked successfully with almost all other areas of study. However, because Economics and Business and Management do contain an overlap in content, we advise that they should not be taken together. Many Carthusians combine social science with physical science e.g. Economics with Physics and Chemistry. Economics with Mathematics is a particularly appropriate choice. The more traditional amalgam of Economics/ History/ Politics/ Geography is still one followed by many. Modern Languages with Economics makes a useful career-orientated combination.
As well as going on to study for first degrees in Economics, many Carthusians use their acquired knowledge to enter fields such as accountancy, law, business, information technology and political science, or use it as a basis for studying Modern History or Geography. Economics opens up a wide range of career paths. It should be noted that A level Mathematics (or equivalent) is a prerequisite for the study of Economics at all the best UK universities. Indeed, candidates would be at an advantage if they were also to take Further Mathematics.
J.C.Troy