This workshop gives you the chance to interact with Economics concepts within the broader socio-political context. We’ll emphasise the importance of a broader perspective, and development of opinions and key reasoning.
Sessions will be interactive and challenging, developing presentation and oral skills, encouraging you to explore beyond your syllabus and the perceived ambit of “your course”. Extensive reading lists will offer opportunities for further study and the focus of the sessions will encourage awareness of current affairs.
This session will cover the main schools in the development of economic thought. The story begins with the 'Classical' school and the works of Smith, Ricardo, Mill and others. Then we'll explore the challenges faced by the Classical school by Marx and 'the Marginalists', also considering Keynes, Hayek, Schumpeter and Friedman. We'll then take a look at consumer choice and behaviour and you'll learn about the concept of utility and budgets through mathematical lens.
We'll explore different market structures and how firms turn inputs into outputs and you'll learn about pricing strategies and competition. Then we'll move on to look at trade. Contentious issues within trade will be discussed and misconceptions about international activities will be addressed.
Expect to participate in games that involve a strategic interaction! We'll then look into what we actually mean by marketing and explore concepts such as brands, communications and pricing.
Your day runs from 10am - 5.30pm in central London and is split into three sections, with breaks for lunch and well-earned snacks. As part of the day you'll receive a subject-specific workbook, a copy of our book So you want to go to Oxbridge? Tell me about a banana.., which gives you more challenging questions and suggestions as to how you can approach them, and a Course Report for the Oxbridge courses that might be right for you.
Come with an open mind, a thirsty brain and a tasty packed-lunch!