Economics

The Pre-U syllabus examines microeconomic issues of how individual economic agents and individual markets allocate resources and the relative efficiency of economic outcomes as well as macroeconomic concerns - the strength of economic performance, international trade and exchange rates, evaluating government intervention. It is examined at the during Cloister Time in VI Book 1. Currently, the Head of Department, Graham Watson is responsible for setting the essay paper, Paper 2, of the Cambridge International Examinations Pre-U examination. He is also involved in reviewing all the other Pre-U papers.

The examination consists of three papers - a multiple choice, short answer and data response paper; an essay paper; a paper looking at the specific areas of Economics outlined.

We have a flourishing Economics Society (called the Ramsey Society) where speakers address the boys; recent invitees have included Professor Mervyn King, the Governor of the Bank of England. Further, boys take part in external competitions such as the Bank of England's Target Two-Point Zero and the Institute of Economic Affairs Student Essay Competition. We have also held two very successful Syposia with City of London Girls' School and Downe House, looking at a range of contemporary economic issues, from Economic Development to Game Theory.