Economics

Vision

Economics students study the individual and herd-like decision-making of economic agents on a national and international scale. From their first lessons they will develop the skills necessary to interpret a wide range of economic data that is monitored by governments around the world and develop an ability to arrive at well-informed economic judgements. Our young people will study Microeconomics, looking at the behaviour of individuals and firms within a market and what happens when markets fail to allocate resources efficiently and effectively. Using up-to-date case studies, students will learn about how markets fail and what governments can do to try and minimise the effects of these market failures, such as using taxation to make specific products more expensive and less attractive for economic agents to produce and consume.

SMSJ students will also study Macroeconomics, whereby students will learn how indicators such as economic growth, unemployment and inflation are calculate and the main tools that governments might use to ensure that they achieve their core macroeconomic objectives e.g., low and stable inflation and low levels of unemployment. Students will develop their understanding of both micro and macroeconomics from local, national and international perspectives. 

Students will leave with a good understanding of the how the decisions that economic agents make can have intended and unintended consequences. They can use their knowledge and skills that they develop to create their own economic views on current affairs both in the UK and in the global economy. Our students can use their knowledge and skills that they develop during the two-year course to make better-informed decisions in the next stages of their educational journeys and lives. 

Course details

Road Maps