Through the study of decision-making by consumers, businesses and governments, pupils gain a fantastic insight into the world around them. Economics is an internet-paced, dynamic subject. The world has changed irrevocably over the past ten years; during this time we have experienced the credit crunch, a global recession and the referendum decision to leave the EU. The study of Economics can help us understand these changes as well as helping us understand what the future might look like.
The enthusiasm the department’s staff have for their subject is infectious and our facilities are exceptional. With many tutors who have worked successfully in the world of commerce, economics at Millfield is both challenging and contemporary.
- IGCSE level
- A level
Enrichment and trips:
We are regular participants in the Times/Bank of England Target 2.0 national schools’ competition. This competition challenges pupils to demonstrate their understanding of the UK economy and how monetary policy impacts upon it. Participants (in teams of four) analyse the UK and global economy, presenting their findings to a judging panel from the Bank of England. The department has a strong track record in this competition.
All pupils can take part in the Student Investor Challenge, which involves share trading with a virtual £100,000 portfolio. Outside the classroom pupils take part in the BASE competition, which is a fun interactive and worthwhile experience where pupils complete an online challenge which requires them to analyse, debate and arrive at a conclusion. Subsequent rounds involve presenting back to a panel of highly regarded accountants. Those pupils who have aspirations to study at top universities, are encouraged to submit entries to essay competitions including the ones run by The Royal Economic Society and The Marshall Society.