What happens if you increase taxes for the rich? Will a higher minimum wage help to lift people out of poverty, or just increase unemployment? What does having a weak currency mean for a country, practically? Why are Freddos so much more expensive than they used to be? In this Economics course, you’ll learn the answers different experts have to each of these questions, and come to understand why the different theories that underpin their answers might lead them to disagree.
You’ll look at the impact of individual decisions on economic systems (microeconomics), economics over a larger, especially national scale (macroeconomics) and other areas such as statistics in economics, and the history of economic thought. Students are encouraged to present their own opinions for discussion, whether you’d like to make a rousing defence of Marxism or speak in praise of neoliberalism. Discussion and debate are vital components of this course, where you will be equipped with the grounding of knowledge and theory to defend your opinions cogently. Presenting your views in a manner that is polite and respectful of others is a skill that you will also have the opportunity to hone.
Real-world examples are central to the approach taken on this course; in particular, you’ll look at the 2008 financial crisis, see its roots in history and understand firstly what might have prevented it, and secondly the actions taken by governments and businesses around the world in order to mitigate its effects. You’ll debate whether their actions were effective, and discuss what might have been done better, given the benefit of hindsight.
Why take this course?
Economics affects our lives in countless ways. If you’re interested in politics, public policy, the Law, international development or any related subject, a thorough understanding of Economics is vital. For current undergraduates studying any of the subjects above, this course is highly recommended to enhance your understanding of your own subject, and to provide you with an insight into what Economics has to offer should you choose to branch into it for your postgraduate degree.
However, many students considering taking our Economics course are studying courses that are not immediately related, from English Literature to Physics. Taking Oxford Royale Academy’s two-week Economics course can be a refreshing change if you’re studying an unrelated subject. Aside from anything else, it’ll help you understand the headlines in The Financial Times.
If you’re not a current undergraduate, but instead taking a Gap Year or a recent graduate, you may find that this Economics course is of value to you, helping you understand the business decisions taken by your employer, or possibly illuminating a future career path or further study. The diverse range of students on any Oxford Royale Academy course, from all around the world, help to illuminate the study of Economics from a global perspective, which is increasingly valuable in the modern world.
Every summer, ORA welcomes hundreds of the world’s brightest, most academically gifted students to our Oxford courses. Our campuses always feature a diverse mix of nationalities and genders. Students will have extensive opportunities to make connections and friends who will last into later professional life.
Timetable for students aged 19 to 25
Our Teaching Faculty
At Oxford Royale Academy we are committed to providing our students with the most qualified and high-calibre teaching available. All Oxford Royale Academy teachers are passionate about their subject, and are looking forward to passing their knowledge on to their students this summer! For full details of last summer’s teaching faculty, please click here
Discussion and Debate
An ORA summer school is the perfect place to challenge yourself with new perspectives on social and political ‘hot topics’, and our famed international mix ensures you are able to discuss these with fellow keen-minded students from all over the world. A rich programme of talks, lectures, and panel discussions will be scheduled across your time in Oxford, with carefully-selected guest speakers guaranteed to spark memorable discussion. You will have the opportunity to engage in a formal debate (either in the audience or as an active participant), whilst our weekly ‘Conversation Café’ provides a more informal environment. Based on the popular World Café process, these reconfigure stale expectations of academic dialogue by enabling students to enjoy a collaborative discussion with experts in their field over a plentiful supply of tea or coffee. Our guest speakers come from a wide variety of backgrounds, such as academia, the media, business, or industry.
The United Kingdom has a rich cultural heritage, and a course with Oxford Royale Academy is the perfect way to explore this. All ORA adult courses include optional cultural excursions to places of historical and social significance in the UK.
The majority of your time in Oxford will be spent absorbed in your Economics studies, but you’ll have some free time in your schedule so that you can make the most of your time in this historic city. You can enjoy a tranquil punt down the River Thames, or explore some of Oxford’s wonderful free museums. At the end of your Economics course, you’ll be invited to celebrate your achievements at ORA’s very own ‘Grad Ball’.
Some past afternoon activities enjoyed by our students include the following:
- Punting: travel the waterways of the River Cherwell in a flat-bottomed boat, using a five-metre-long pole to propel your vessel! This mode of transport is unique to Oxford and Cambridge.
- Summer sports: have you ever played the traditional English game of croquet? There will be the chance to do so on the lawns of your campus! Real tennis (a variation of tennis played indoors, with a heavier ball) has also been enjoyed by our previous students.
- College and museum tours: An ORA course is the perfect opportunity to visit some of the University of Oxford’s most famous Colleges (including New College, Magdalen College and Christ Church). You will also have the chance to visit Oxford’s Ashmolean Museum – famous for being the world’s first university museum.
- Dance and music workshops: have you ever wanted to try Indian dance? How about Salsa dancing? Or drumming? Experts in these art forms will be dropping in to our campuses to run workshops, allowing our students to unleash their creative sides.
The events and entertainment on offer don’t stop when the sun starts to go down at our campuses! The following will be available to every student on this programme:
- Outdoor theatre: many Oxford Colleges put on Shakespeare plays in their quads and gardens throughout the summer months.
- Karaoke in Oxford: head to a venue in Oxford and sing along to the latest hits.
- Themed parties at local hotels and country houses: head to a local venue and enjoy dinner and dancing with your friends from around the world; past venues include Ardington House in Oxfordshire and The Randolph Hotel in the city of Oxford.
- Graduation: a formal graduation ceremony and ‘Grad Ball’ will be held on the last night of your course — a glamorous conclusion to your stay in Oxford!
The ORA Experience
Whether you’re new to our Oxford summer courses or keen to relive happy ORA memories as an adult, our programmes for students aged 19-25 offer the perfect study-abroad experience. Our Merton College campuse is used exclusively by our adult students at any one time, ensuring a tranquil environment in which to live and study.
The location offers a secluded haven in the city centre, and boasts its own unique history: Merton has a strong claim to be the oldest of all the University’s colleges.
Participants on our courses for those aged 19-25 enjoy a level of autonomy over their studies and non-contact time which will be familiar to those already attending an undergraduate or postgraduate course at university level. Whilst plenty of academic support and social activities are available for students at all times, they might also wish to enjoy independent exploration of the city of Oxford or conduct their own research outside the classroom.
Our summer courses offer our students the complete study abroad experience. The grid below describes everything that is included with an ORA adult course:
- 15 taught hours per week
- Study files and materials
- Guest lectures from academic speakers
- Personalised academic reports
- Course certificate after graduation
- Wide selection of afternoon and evening activities
- 2 cultural excursions per course
- Welcome and graduation events (+1s invited)
- Discounts at shops around Oxford
- Accommodation in the University of Oxford
- Breakfast and Dinner in the Hall
- Free WiFi (subject to availability)
- Daily updates on the ORA blog
- Private Medical / Travel insurance
- ORA T-shirt
- ID badge and lanyard
- Welcome and arrival packs
- Year group photo
- Course memento photos
- ORA notebook
The safety and security of our students is ORA’s top priority. All of the centres at which our courses run are safe, secure environments, which are perfect for our students. Each centre is staffed 24 hours a day, 7 days a week by a team of Porters. In addition, Oxford Royale Academy’s comprehensively trained team of campus staff are always on hand. If you join us this summer, you will see the following members of staff on your campus:
Some classes on the Economics course will take place in College; others are held at nearby venues in the city.
Most students who come to ORA will have to book a flight to the UK. ORA courses do not include flights. Information on the best time to arrive will be on your course confirmation email and in your Welcome Pack.
Welcome Reception and Graduation
Family and friends are welcome to attend these events at the start and end of their student’s course. For more information, please contact our Registrations Department on firstname.lastname@example.org.
Medical and Dietary Information
All students who enrol are required to complete our Medical and Dietary Information form. A link will be emailed to all students once their enrolment is confirmed.
Eligibility and Pre-requisites
Students on the Economics programme:
- Must conform to our Age Policy.
- Must be fluent or near-fluent English language speakers – if you are unsure whether your English level is suitable for this programme, please contact our Registrations Team on email@example.com and they will be able to assist you.
- Must be able to fulfil the basic requirements of the programme, in terms of attendance at lessons, meals and events. Please contact our Registrations Team for more detailed information.
Dates, Fees and Locations
|Course Length||Course Dates||Course Fees||Location|
|2 weeks||2 Jul – 15 Jul||4,295 GBP||Merton College|
|16 Jul – 29 Jul||4,295 GBP||To Be Confirmed|
|30 Jul – 12 Aug||4,295 GBP||To Be Confirmed|
How to Apply
If you prefer, you can complete our paper application form, which is available for download by clicking here. You can then return this to our offices by one of the following methods:
- Scan and e-mail to firstname.lastname@example.org
- Fax to +44 (0) 845 130 01 22
- Post to the address below
For enrolments via the paper application form, we are able to accept the GBP 795.00 course deposit by credit or debit card, bank transfer or cheque. Please see the form for full details.