“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” Sam Ewing

Economics is a dynamic social science, forming part of the study of individuals and societies. The study of Economics is essentially about the concept of scarcity and the problem of resource allocation and also the choices that consumers, firms and governments face.

Although Economics involves the formulation of theory, it is not a purely theoretical subject: economic theories can be applied to real-world examples. Neither is Economics a discrete subject, since it incorporates elements of History, Geography, Psychology, Sociology, Political Studies and many other related fields of study. Economics does not exist in a vacuum, because it naturally must consider how economic theory is to be applied in an international context.

The IB course of study includes an annual visit to Olympic site in London (2009 to 2011) to analyse the economic impact on London and the country of hosting such an event. 

Other activities have included the BigHands.Biz competition where students designed and manufactured a prototype of their product, produce an advert and pitch the idea to a panel of judges, Dragons Den Style. Then based on their performance each group won a certain amount of money which they invested and the team who got the greatest return on investment won the competition.