We aim to produce well educated economists and informed individuals who can relate theory to the real world, and who have the capacity to think through issues in an analytical manner.
Economics is an extremely popular A Level choice at Chigwell, and the department has a strong history of pupils progressing to university to study economics and business related degrees
The economics A level gives students the opportunity to study a range of issues in microeconomics and macroeconomics.
In microeconomics students learn how markets work and how they fail as well as how governments can intervene to make markets work more efficiently. They apply concepts and theories to a range of market situations.
In macroeconomics students learn about issues such as growth, unemployment and inflation and learn how governments use policy instruments to achieve their objectives for the economy. They also learn about trade, globalisation and economic development.
The course allows students to build a theoretical understanding of the subject and apply it to contemporary issues.
Students follow the OCR specification and the A level grade is determined by 3 examination papers sat at the end of Year 13.
We always encourage students to stretch their understanding of economics beyond the A level curriculum.
We mentor students who wish to undertake a HPQ or EPQ project on an economics related topic.
We run tutorial sessions for those students wishing to apply for economics courses at top universities.
We provide mock interview practice and personal statement support for Oxbridge economics candidates.
We have a department library with traditional and contemporary texts and provide a reading guide to all students.
We run weekly PPE enrichment sessions.
There are a number of opportunities for students from across the school to get involved in activities and explore the world of economics.
There is a Junior School Economics Society that meets fortnightly to give younger students an insight into the subject.
There is an Economics Society for students in years 9 – 11 which is part run by Sixth Form students.
There is a weekly PPE enrichment class open to all Sixth Form students.
Each year we enter a team into the Bank of England Target 2.0 competition. This gives an opportunity for 4 students to research and deliver a 15 minute presentation to a panel of judges from the Bank of England before facing a further 15 minutes of questioning in a competition against other local schools.
Students of all ages can participate in the London Institute of Banking & Finance Student Investor Challenge and manage a virtual fund of £100 000 to make a profit in an online national competition.
There are a number of essay competitions that Sixth Form students can enter including the Royal Economic Society Young Economist of the Year and the IEA essay prize.