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Economics: Oxford Summer School Online 2021

Oxford Royale Academy's award-winning Economics Summer School 2021, delivered online as part of our Oxford Online Summer School, and taught by elite ORA academic faculty.

Why Study Economics?

Do you want to explore the most urgent economic issues today, from unemployment to the eurozone? Our Economics Oxford Online Summer School is the perfect introduction to this exciting field. You’ll gain key critical skills for your future studies and career, as you debate how governments can solve economic problems. You’ll look at three key areas of economics: microeconomics, macroeconomics and international economics. Immerse yourself in the most compelling economic issues, and discover if you want to study economics at university. You’ll be part of a dynamic and global online community, and make valuable connections from around the world.

Join our Economics Oxford Online Summer School and fast-track your future in economics.

Course Summary

On our course, you’ll learn about the basic economic problem concerning scarcity and choice, study the supply and demand model, different models of market structure, the occurrence of market failure (e.g. due to the absence of markets for public goods, problems of information, and externalities), and the incidence and effectiveness of government intervention. You’ll also discuss and debate the differing theories of Adam Smith, John Maynard Keynes, and Friedrich August von Hayek.

In Management, you’ll look at the different objectives that firms may have (e.g. profit-maximisation, revenue-maximisation, sales maximisation, market share) and the different organisational or market conditions under which these emerge, the impact of price elasticity on demand upon price and revenue decisions, the (managerial and other) sources of falling/rising average costs (i.e. internal/external economies of scale and dis-economies of scale), and the different techniques managers could use to motivate their workers.

Course Topics

The following is a list of sample topics that may be covered on the course.

  • Defining economics and management
  • Supply and demand
  • Market structure and market failure
  • Government intervention
  • Macroeconomic theories
  • Financial crises and recession
  • Why companies need management
  • Marketing and business strategy
  • Business ethics

Kindly note that the exact syllabus is subject to change.

Learning Outcomes

By the end of the course, you will:

  • Understand the key economic models, including supply and demand
  • Know how markets allocate resources and why governments sometimes intervene
  • Understand firms’ different objectives and how they meet those objectives
  • Be able to explain the factors that affect total revenue and total cost
  • Have an appreciation of how managers may seek to motivate workers
  • Be able to explain economic ideas using the correct vocabulary
  • Feel more confident when presenting arguments, analysis and opinions to your peers, both online and in person
  • Have gained an insight into what future study and a career in the fields of economics, management and business may involve

Earn your certificate

After your amazing summer of discovery, we know that you’ll want to share your success with your family, friends and teachers back at home. We also know that you’ll want to understand from your ORA tutor what you did particularly well on your course, but also where there might be room for future learning and development.

After successfully completing your course, you’ll receive a graduation certificate, awarded at a memorable ceremony hosted for you and your parents on the final Friday of your summer school. We’ll also provide a detailed report card, highlighting all that you have achieved during your time with us, as well as some next steps for future success.

Course Summary

Over two weeks, you’ll look at a range of topics in microeconomics, macroeconomics and international economics.

In microeconomics, you’ll look at the basic economic problem of scarcity and choice, supply and demand, different models of market structure, the occurrence of market failure (e.g. due to the absence of markets for public goods, problems of information, and externalities), and the incidence and effectiveness of government intervention.

In macroeconomics, you’ll will learn about about policy objectives, the AD-AS model, and the operation of an independent central bank. Finally, in international economics, you’ll learn about about trade, protectionism and exchange rates. A great deal of ground is covered in these two weeks, spurring you to take your new-found economic curiosity further once you leave the course.

Course Topics

The following is a list of sample topics that may be covered on the course.

  • What is economics and why do we study it?
  • What is demand and supply?
  • Elasticity of demand and supply
  • Market structures
  • Market failure
  • Introduction to macroeconomics
  • Key issues in a modern economy
  • Inflation and deflation
  • Exchange rates, trade and human development
  • Student presentations

Kindly note that the exact syllabus is subject to change.

Learning Outcomes

By the end of the course, you will:

  • Be familiar with fundamental economic concepts such as costs, revenues, profits, demand, supply and elasticity
  • Possess a thorough grounding in micro- and macroeconomic theory and principles
  • Know how to analyse firms’ decision-making processes when facing different competitive scenarios
  • Be able to understand and analyse the business and economic environment in which we live and work, and appreciate the impacts of economic decisions and events
  • Understand the varying policy objectives that governments face and the conflicts that may arise between the achievement of various objectives
  • Be able to apply economic concepts to non-economic problems and explain economic ideas using the correct vocabulary and theoretical apparatus
  • Feel more confident when presenting arguments, analysis and opinions to your peers, both online and in person
  • Have gained an insight into what it would be like to study economics and related disciplines at university level

Earn your certificate

After your amazing summer of discovery, we know that you’ll want to share your success with your family, friends and teachers back at home. We also know that you’ll want to understand from your ORA tutor what you did particularly well on your course, but also where there might be room for future learning and development.

After successfully completing your course, you’ll receive a graduation certificate, awarded at a memorable ceremony hosted for you and your parents on the final Friday of your summer school. We’ll also provide a detailed report card, highlighting all that you have achieved during your time with us, as well as some next steps for future success.

Experience the magic of an ORA summer school from your own home

Offering a structured week of lectures, seminars and virtual project work, led by ORA’s elite tutoring faculty, the Oxford Royale Academy Online programmes provide many of the academic and teamwork benefits of an On Campus Summer School to students in their own homes.

Lectures and seminars are led by members of ORA’s distinguished academic faculty, many of whom have studied at top universities in the UK and overseas, including Oxbridge, Harvard, Princeton, Yale and more. Our faculty includes senior doctors and lawyers, entrepreneurs, business leaders who have worked in Fortune 500 companies, engineers, scientists and more.

Why Choose Oxford Summer School Online?

World-class teaching faculty

Whatever your motivation, our exceptional, inspiring, world-leading teachers can help you achieve more this summer. Our amazing array of talented tutors includes Oxbridge academics, Ivy League lecturers, groundbreaking medical researchers, glittering industry leaders in film and fashion, acclaimed authors, and more! We assemble our diverse faculty from all over the world, exclusively for you, so you only learn from the very best. During each virtual lecture you will learn from the world's leading academics, while also being able to ask questions and discuss material in a fully immersive digital learning environment using Microsoft teams.

A global classroom

Our Online Summer School consists of week-long summer courses starting every Monday from the beginning of May to the end of August. Our courses are the perfect way to expand on your knowledge and prepare you for any study ahead, while also being an engaging and exciting dive into new or familiar subjects. Guided and independent study periods, along with student-led breakout rooms, enable you to explore your chosen field with expert tutors and international peers. These interactive sessions are more student-led and provide a unique opportunity for learning and an exchange of ideas in a truly global classroom. You will learn as from each other as well as from your tutor, broadening your view of the world and expanding your appreciation for different peoples and cultures.

Business summer school - Business teacher presenting

Full Enrichment Programme

You will enjoy a full enrichment programme that includes lectures and seminars from industry experts and professionals on relevant global topics, as well as workshops on university applications and talks from prestigious universities. The aim of the Enrichment Programme is to enhance students' key skills and allow them the opportunity to link, socialise and network with their international peers.

Individual tutoring for Research Projects

If group lessons are not for you, and you would prefer to have individual tutoring to develop your own independent research project you can contact our team to arrange this. We will match you with a world class academic with expertise in your field of interest. Over a minimum of 3 weeks, you will have the opportunity to independently develop a research project, with 10 hours' worth of one-to-one contact with your tutor. This project will give you the chance to expand your knowledge and delve deeper into a subject you are passionate about. Your project will be assessed and graded with detailed feedback, and a letter of recommendation and/or certificate will be awarded upon completion.

Any Questions?

Check out our FAQs

How do I book a place on my chosen course?

Once you have decided which course you would like to attend, you can book online using our secure booking system. The enrolment process will take approximately 5 minutes to complete. You will need:

  • your personal and contact details
  • the details of the adult responsible for paying the course fees
  • the name of the course you would like to follow and the dates for which you would like to book
  • a credit or debit card for settling the course fee payment

Once your application has been submitted and your payment has been received by us, you will be sent an email confirming that you have been successfully enrolled. If you have any queries please contact our Admissions team, who will be happy to assist you.

How do I pay for my course?

You can pay with a debit or credit card using our secure online booking system. If you would like to enrol and make your deposit payment via Bank Transfer, please contact our Admissions team, who will be happy to assist you in doing so.

What do my course fees include?
  • Structured timetable of lectures, seminars and projects over each week-long course, with 4+ hours of guided learning each day.
  • Teaching from a top academic at the cutting edge of their field
  • Immersive, interactive seminars. Ask questions and discuss with your tutor and peers in a fully immersive digital learning environment.
  • Access to the enrichment timetable of speakers, seminars, social events, networking and useful materials for all 17 weeks of the Online Summer School.
  • Guest lectures from academics, industry experts, professionals and subject-matter experts – available to you live or on demand.
  • Access to Oxford Royale On Demand courses for 12 months.
  • Personalised academic report and graduation certificate.
  • Priority enrolment for our on-campus summer schools in 2022
Will I receive a certificate?

Yes, all students will be awarded an Oxford Royale Academy Graduation Certificate in their chosen course upon satisfactory completion of the course. Students will also receive a personalised report card containing formative feedback that they can use to ensure further improvement in their chosen subject.

What's the average group size?

Our average class size is 9 students. Based on our experience of operating online summer schools in previous years, we find that this is the optimum class size for both student progress and participant enjoyment is around 8 students. Our maximum class size is 12 students.

What time zones will you offer?

Two different start times for courses will be offered in order to make our course available to all geographic locations.

For our WESTERN HEMISPHERE time zone, the first live lesson of each day will commence at 1700 UK time and the second and final live lesson of each day will conclude at 2000 UK time.

For our EASTERN HEMISPHERE time zone, the first live lesson of each day will commence at 0700 UK time and the second and final live lesson of each day will conclude at 1000 UK time.

There is a handy tool for converting UK time to your own time zone, here. Kindly note that we cannot guarantee both time zones to be available for each date selection.

What technological requirements are there for this course?

You will need a stable internet connection for the duration of your course.  It is a requirement that your video camera is turned on at all times during your lessons to enable full interaction with your teachers and peers. You will need to be able to access Oxford Royale’s chosen educational platform, which is Microsoft Teams for Education.  Guest lectures are likely to be delivered over a separate platform in order to support more attendees – we will provide you with links and instructions in due course.

Can I take more than one course?

Yes, you can attend as many courses as you wish. Please note that only one course can be attended per week. You are entitled to a discount of GBP 100 for each additional course that you book.

If I need to cancel my booking, will I get my money back?

You have the right to cancel and receive a full refund of monies paid, without giving any reason, within 14 days of making a booking.  Cancellation requests must be made in writing, by email to us on [email protected]. Cancellations that fall outside of this 14-day cooling off period will be governed by the relevant clause of our terms and conditions.

When will I receive the information to be able to access my course?

You will be sent your course login information the week prior to your course start date.

If I have technical difficulties accessing my course, who can I speak with?

Technical support will be available before and during your course.  Contact details will be provided with your course login information.

On which dates does this programme operate?

Our Oxford Online Summer School will operate from May to August inclusive. For specific dates for your chosen course, please see our dates and prices directory, which you can find on our dates and prices webpage.

Can I change from an on campus programme to an online programme (or vice versa)?

We would be happy to discuss this with you, and depending on your individual circumstances and course availability, we may be able to transfer your booking from one study mode to the other.

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