Our Year 10 economist have been exploring how economic systems work and function in relation to political ideologies. Students have looked at the pros and cons of free market economies verses planned economies with real world examples studied from current and historical perspectives. Many of the students agreed that a middle way of a mixed economy is the best for society and examples from the UK and other countries have helped our students explore the three economic systems.

This unit of study follows on from our previous learning about the price equilibrium in which supply and demand meet to the satisfaction of the consumer and producer. Students have been able to apply their learning to the current supply crises in energy, housing and food staples.

Our students have enjoyed the relativity of economics to their everyday lives and enjoy seeing how economics is behind the scene in many of our daily interactions.

Well done Year 10s – keep up the good work and always strive for the best.