Economics and Entrepreneurship Department Philosophy and Goals
	Sarum Snacks, a student run agency The Economics Department benefits from a multi-disciplinary approach to the discipline, as well as a commitment to the depth of experiential learning that comes from applying economic theory.    Students, typically in the upper forms, may choose to pursue a program oriented around the capital markets by studying economics and personal finance, or may apply to participate in the Entrepreneurial Studies Program, a three-course program oriented around the theory and practice of building an organization around a novel concept.   Embedded in this program is a college-level economics course designed to better prepare students for further study of the discipline.     Student experience in the department centers on our belief that boys best learn by doing.   The theories of personal finance are cemented through an annual mock portfolio competition and an active investment club on campus overseen by the Economics faculty.   The theories of supply and demand find real meaning in the student demand schedules created by the Student Agencies operating on campus (see the Entrepreneurial Studies Overview).   Every student in Entrepreneurial Studies creates, develops and defends, to the school administration, a real business plan, seeking approval and seed funding from the school.   Many go on to put their plans into action as Independent Study projects in their sixth form year.

	Economics and Entrepreneurship Department Courses
	Economics E442 This year course is a study of the stock and bond markets, the banking system, insurance, loans and credit cards, taxes and other aspects of the American financial and economic system as they affect the individual in today's world. Guest speakers include alumni and other specialists from the financial world. Entrepreneurial Studies EE400 This year-long course exposes students at a basic level to several theoretical and practical disciplines necessary for effective organizational decision-making, including micro-economic theory, accounting, corporate finance and law. The focus of the course is on quantitative analysis and analytical presentation and argument. In addition to nightly assignments, students will complete several projects and case studies based on current events throughout the term. Excel, Word and PowerPoint will be used extensively as learning tools and presentation media. Students examine global themes, from feasibility studies of renewable energy to the concept of social entrepreneurship. During the winter term students will research, develop, write and defend their own entrepreneurial concept. The student’s work will be supported by weekly case studies of contemporary entrepreneurs and guest presentations. Topics will include practical aspects of starting a company and topical issues of globalization, intellectual property protection, the Internet, social responsibility and respecting diversity. Students will in the spring term plan for the implementation of their plan if they intend to pursue Independent Study in the sixth form year.    Pre-requisites: by application during the fourth form year, or upon entering in the fifth form year. AP Microeconomics ES441 The course offers the equivalent of a one-semester college-level introductory microeconomics curriculum. Students will gain a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system. It places primary emphasis on the nature and functions of product markets, and includes the study of factor markets and of the role of government in promoting and undermining efficiency and equity in the economy.   Uniquely, the course is taught with emphasis on contemporary application of theory through case studies and quantitatively intensive project work. Pre-requisites:   Economics or Entrepreneurial Studies, or with departmental permission. Independent Study in Entrepreneurship ES400 A limited number of sixth formers are granted Independent Study status, in which they put their Entrepreneurial Studies plans into action.