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Economics and Management Summer Course in Oxford Ages 13-15

Oxford Summer School 2020
Also in Cambridge

Part of the NEW PERSPECTIVES Programme


Study Economics and Management with our Oxford Summer School 2020. The Economics and Management course has been designed as an introductory course for students who are relatively or entirely new to either subject, to outline the sorts of theories and issues with which business management theorists and economists are concerned, that students might study at university, and that generally allow students to engage with the world around them to a greater degree.

2 or 4 weeks | Available July - August 2020

  • Residential in historic buildings in Oxford
  • An inspiring Economics and Management course taught by experts.
  • 17 exciting classes to choose from - tailor your programme
  • A truly international environment - over 150 nationalities at ORA in 2019

Course Summary

In economics, students 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. The differing theories of Adam Smith, John Maynard Keynes, and Friedrich August von Hayek are addressed and debated.

In management, they 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.

Getting in-depth

Students further consider the purposes of advertising and branding, and to what extent firms should be constrained by ethical considerations; in this way, the course touches on the philosophy as well as the practice of economics and management. Classes involve discussion, analysis of articles, presentations (both by the teacher and by the students), and visual resources. Interactive elements such as ‘The Equilibrium Game’ express fundamental economic theory in an dynamic way: students are randomly allocated ‘buyer’ or ‘seller’ cards by the ‘broker’ and instructed to negotiate the best sale price per round. This varied atmosphere ensures that all students get the maximum possible learning experience out of the course, accommodating all learning styles as thoroughly as possible.

Students are also given the opportunity to consider and express their own point of view, both through an essay task set in the first week and through a group task where they decide and justify what motivational strategies are most appropriate in different scenarios. Students benefit from the diversity of backgrounds, cultures and nationalities on the Oxford Royale Summer Schools New Perspectives programme, as they can share and exchange their experiences of different economic systems around the world, alongside considering how cultural differences affect management strategies; a vital area of knowledge in the modern globalised economy.

What will you get out of the Economics and Management Summer Course?

The Economics and Management course has been designed as an introductory course for students who are relatively or entirely new to either subject, to outline the sorts of theories and issues with which business management theorists and economists are concerned. These are themes that allow students to engage with the world around them to a greater degree, or may be pursued further in higher education.

The New Perspectives Programme

This subject is part of the New Perspectives course at Oxford Royale's Oxford summer school.

The New Perspectives summer course, for students aged 13 to 15, is suitable both for those who are trying to decide what to pursue in further education, and for those who simply want to learn about a variety of interesting subjects - 17+ study options are available!

Students choose two morning classes and one afternoon workshop to provide a diverse and stimulating curriculum that is tailored to their needs, allowing them to pursue areas of interest or try out something new. Students studying New Perspectives in Oxford get the chance to live and learn in a college of the University of Oxford or in our 17th-century manor house, Yarnton Manor.

Click here to apply for the New Perspectives Programme in Oxford

Expectations and Pre-requisites

This course has been designed for complete beginners – all you need is enthusiasm and a willingness to grapple with new and often abstract concepts.

Suggested Reading

There is an optional and very short introductory reading for the economics aspect of the class here.

Choose your options and apply for New Perspectives in Oxford

The New Perspectives programme - our flagship Oxford summer course for 13-15s - allows you to combine different subject options to enable a flexible, tailored programme that best suits your academic needs

To view other options, select your choice of options and apply, please visit the main New Perspectives Programme page

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