Tonbridge Grammar School sixth form students studying Economics and Psychology for their International Baccalaureate Diploma visited the Lock Market and the Stables Market in Camden on Friday 14th March.
Economics students practised applying the economic theory they’ve learnt this year by investigating different prices for products, what the different businesses at the markets offer and how customers choose what to buy, among other topics. Psychology students had the opportunity to apply their studies of human behaviour through ‘covert observation’ of the shoppers at the markets. Students studying both subjects were able to reflect on some of the interactions between the two areas of knowledge – a useful insight for those considering studying Behavioural Economics at university.
Mrs Baker, subject leader Economics said, “The students had a great time and it was really enjoyable to see them applying their academic knowledge in a real environment. I was grateful to the two year 13s who helped us on the day – Sophia Hynes and Alex Hamby.”