Economics is a fascinating subject that students find both enjoyable and interesting. It encourages critical thinking and many students who study the subject at Our Lady’s progress to further study in the area at third level. Topics covered include Unemployment, Inflation, Banking, International Trade, Market structures, and Supply and Demand. Past pupils who have studied Economics at third level have pursued careers in a range of exciting areas including stock broking, industry, banking and accountancy. A common refrain from such students is that they developed a passion for the subject at Our Lady’s.
Classes are taught in an interactive manner using a range of methodologies. An emphasis is put on linking class work to real world situations. Students are also encouraged to enter Economics competitions. Students from the school have been placed in prestigious national competitions in recent years including The Young Economist of the Year competition and the Central Bank’s Generation Euro competition. The subject can be technical and require a degree of numeracy skills in parts but these aspects of the course are taught for understanding rather than ‘rote’ learning which retains students’ interest.
Leaving Certificate Economics aims to stimulate students’ curiosity and interest in the economic environment and how they interact with it. It develops a set of skills, knowledge and values that enables students to understand the economic forces which affect their everyday lives, their society and their economy at local, national and global levels, making them more informed as decision makers.
There are 5 strands of study in leaving certificate economics:
What is economics about ?
How are economic decisions made ?
What can markets do ?
What is the relationship between policy and economic performance ?
How is the economy influenced by international economics ?
There are two assessment components at each level: written examination (80%) research study (20%). Both components of assessment reflect the relationship between the application of skills and the theoretical content of the specification.