Economics Part 1

The study of economics in the School pays particular attention to the following areas:
The implications of meeting the needs for natural resources for individuals, society and the planet.
The problems of poverty and property. There is an amazing potential for abundance of natural resources, but it is the distribution of wealth that causes problems.
The role of credit within a flourishing economic system. There is particular interest in the study of the micro-credit movement that promotes economic growth in poverty-ridden countries.
What money is and how it works. How the banking system creates money and charges interest, and the effects that are generated as a result.
How land quality and location within an economic community creates economic growth.
The causes of cycles of growth and depression and the problems of unrestrained economic growth.
Whether free trade and fair trade are the same thing and the rights and obligations that sustain free societies.
The various solutions to problems of taxation - which are the fairest and the most sustainable?