Sixth form students studying Economics, Maths, Business and Marketing recently had the opportunity to explore economics beyond the classroom during a guest session with Frederick from the Bank of England.
The session, titled Economics in Practice, introduced students to the work of the UK's central bank and the important role it plays in maintaining monetary and financial stability.
Students explored how the Bank of England works to maintain the value of the pound through inflation targeting, as well as how interest rates and quantitative easing are used as tools of monetary policy. They also learned about the Bank's role in overseeing the wider financial system, including how it monitors risks and helps maintain the stability of financial institutions.
The discussion brought classroom topics to life, giving students a clearer understanding of how economic decisions can influence spending, saving, businesses and the wider economy. Real-world examples, including the collapse of Silicon Valley Bank in 2023, helped illustrate how financial institutions are monitored and how risks can be managed.
Students were highly engaged throughout the session, asking questions and exploring the topics in greater depth. Having the opportunity to hear directly from a speaker working at the Bank of England offered a valuable perspective on how the concepts they study are applied in practice.
The session also introduced students to some of the career opportunities available at the Bank of England, including apprenticeships, summer internships, industrial placements and graduate programmes.
The learning continues next week, when students will visit the Bank of England Museum to find out more about the institution's history and role in the UK's economy.
Experiences like these help students connect their academic studies with the world around them, while broadening their understanding of future education and career pathways.
