Economics

Welcome to the Economics Department at St. Michaels.

Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices.
Economics is about more than just money. It is about understanding the kinds of decisions people make, and why they make them. If you study economics you will be able to understand complex and important issues, such as poverty, tax rates, and inflation. You will also come away with many practical tools, like being able to read statistics, make better financial decisions.

What are the classes like?
Economics classes are oversubscribed. It is a very popular subject and the students who decide to take economics are having a genuine interest for the subject as well as for current affairs. Reading the news, keeping up to date with current economic political and business affairs is a prerequisite for the successful completion of the course.

Study Skills and Expectations
Expectations and guidelines for success:
Economics is a challenging yet rewarding subject. To be successful you will need to follow certain “academic rules”

  1.  Always prepare in advance. Come to the lesson having done your prep work.
  2.  Complete the Homework to the best of your ability.
  3.  Make sure you keep up to date with current economic news. Visit the BBC News website (www.bbcnews.com) and www.bloomberg.com. Read the main news. This must be your daily habit! It is part of the course requirements. Most important articles will be printed, reviewed and placed in your applied economics fielders. Use your judgment on which articles are most important. (Articles corresponding to the topics we are covering during the lessons).
  4. Be pro-active. Ask the teacher if you cannot understand something.

Be an independent learner. Do not expect all the answers to be found in the textbook!

Resources and learning material needed for the course
a) Textbook:
Alain Anderton A Level Economics for Edexcel: A Level
b) 2 folders
- 1 folder for lesson notes and Homework
-1 folder “Applied Economics”. In this folder you will maintain an up to date record of newspaper articles and reviews articles from periodicals
c) A working email.
Prior to the lesson you will be receiving emails containing the power point presentation for the forthcoming lesson and a corresponding reading list with the articles and textbook pages you will need to read prior and after the lesson

Extra Curricular

The Politics Philosophy and Economics Society is a learning community which is made by students and teachers of St. Michael's and it is managed by an elected body of students. The Society organises and facilitates many debates, lectures and workshops around the topics of economics, politics and philosophy. Click the "News" to find more about its functions. The students of the Society publish an annual journal the "Telos"  with articles written by students on topics of current affairs, politics and economics. First issue of "Telos" is available now.

Useful Websites

Follow us on twitter:
@stmpolitcsecon

@StMs_MrsW

 

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