Economics is a dynamic and challenging area of study that is of great relevance to understanding the workings of the world around us. It is a popular subject at Hampton where it is taught solely in the Sixth Form and is available at either AS or A Level (the content is similar but with more business and international economics in the full A Level).
The Hampton Economics Department is staffed by engaging and specialist teachers who promote lively debate, discussion and analysis ensuring pupils develop an appreciation of economic concepts and theories through a critical consideration of current ‘real world’ economic issues.
Economics complements a wide range of subjects, and is useful in many commercial and professional careers. Topics include markets, prices, economic efficiency, market failure, firms, competition, economic growth, inflation, unemployment, the balance of trade, the EU, monetary union, financial markets and government policy.
The majority of our students go on to study economics and management degrees followed by jobs in finance and business.
Aims of the Economics Department
The primary aim of the Economics Department at Hampton School is to encourage students to develop an understanding of economic concepts and theories through a critical consideration of current issues, and then to apply economic concepts and theories in a range of contexts, with an appreciation of their value and limitations.
Students need to be strong at maths, though it is not essential to be taking A Level Maths to study Economics. They must also be able to express themselves clearly and to write well.
Students take part in the Bank of England’s Target 2.0 Competition in Central London. This is an opportunity to simulate interest rate making decisions and understand the process of policy making.
There are also opportunities to explore enterprise, including the hugely popular Young Enterprise scheme at Hampton.
The Department offer trips to factories and banks as well as attending lectures by eminent speakers at the London School of Economics. Previous visits have included the Coca Cola plant in Edmonton, North London and the dealing rooms at Merrill Lynch. We have also produced a current affairs magazine, “The Hampton Herald”, to which boys contribute articles.