ECONOMICS
Aims and Visions
The study of Economics is a Social Science which embodies the dynamic nature of human behaviour, decision making and interactions between key decision makers. The Economics course at IGS therefore aims to provide students with a rich and complex understanding of the behaviour of key economic agents in a dynamic global economy. By studying Economics, students will have an appreciation of some of the most influential and meaningful economic viewpoints and schools of thought of modern times, thus being able to make key comparisons to their own viewpoints leading to critical evaluations of key economic policy. Students will have access to high quality resources from a range of sources, from wider reading to podcasts, they will become subject specialists in the economics language they use and emerge as resilient and independent learners
It is our intent in the curriculum provided to encourage students to have the courage and conviction to challenge the status quo, use evidence and data to make informed decisions and gather information from a range of deep and meaningful sources to analyse and evaluate micro and macroeconomic decisions. From the Classical hypotheses of rationality and perfect markets to the conflict of key macroeconomic objectives, students will be equipped with a skillset to understand, interpret, and discuss policy, problems, and outcomes from a range of perspectives and respect the different opinions of others
Students will work towards understanding the interlinked nature of both microeconomics and macroeconomics, for example from the individual demand curve for a bottle of Coca Cola to the large-scale components of Aggregate Demand. The decisions of economic agents play a much wider impact and Paper 3 at A level allows students to explore the synoptic nature of the course further.
Additionally, it is our aim that students become responsible, kind and worldly citizens to achieve their personal best. Our intent is that students will consider the ethical principles involved in economic decision making, and the moral problems that arise from implementing public policy. The curriculum will make certain that students not only know about our world but will also challenge them to consider how best to live in our world.
