Who wins from free trade? How might AI affect long run growth? Dynamic pricing, is there a place for this strategy? Our A Level economics students presented with answers to these key questions in a work-related learning project set by Philip Shaw, Chief Economist of Investec Bank.
Philip chose these three areas as key issues and topics so poignant in today’s world. Students took a deep dive into the winners and losers of free trade, whilst other students explored if dynamic pricing should be allowed for major events such as concerts, festivals, and sports finals. A popular topic chosen by students discussed how AI will affect long-run economic growth in developed countries, specifically applying their knowledge of aggregate supply learnt in the classroom.
Harry Fasey, an economics student, spoke highly of the task. “The presentation was a good experience to work with peers to research interesting and relevant economics topics. It was useful to develop teamworking and presenting skills.’
Akanshi Jain, teacher of Economics surmised “Students got a nice opportunity to think out of their comfort zone and implement how AI, free trade is helping the economies to grow, eliminating trade barriers and the challenges that economies usually face. Students were able to analyse and understand the barriers and advantages of free trade boosting their confidence of presenting their logical thinking in front of the audience”.
