Economics is offered as a Leaving Certificate subject at both Higher and Ordinary Level. The course is divided into two parts:
- Microeconomics which studies price, costs, utility, supply and demand, elasticity, marginal theory, markets (competition, monopoly and oligopoly), factors of production (land, labour, capital and enterprise), and the role of government intervention in markets.
- Macroeconomics studies the economy as a whole and examines how it is performing by measuring key variables such as GDP, inflation and unemployment. It also explores booms and recessions and examines how governments should influence the economy via fiscal policy (tax and spending) and monetary policy(ECB).
Half the 8 questions examined by the Leaving Cert exam are on Macro and half on Micro. Candidates must answer any 4 questions.
Students enjoy the subject’s mix of practical skills and more academic theoretical elements, and the new syllabus under the Junior Cycle promises even more ‘real life’ learning.
During Transition Year, ‘mini-companies’ take over the school as the students are encouraged to set prices, cut costs and negotiate with the labour force (i.e. themselves), as they put their Business acumen into practice.
At Leaving Certificate level, Business is often the most in-demand class: few can resist the allure of practicality and entrepreneurial inspiration. A high-light of the year is trooping down to the nearby Aviva Stadium for the Bank of Ireland Bond Trader Challenge, where teams from Mr. Bolger’s Business classes compete against
schools from across Leinster in doing what Business students do best: make money!