A Level Economics
Overview:
Economics is a challenging subject that requires strong analytical and evaluative skills for essays, and mathematical skills for recognising trends in and interpreting data. The most important skill for success in Economics A Level is to be able to apply orthodox economic theory to a scenario, identify what it is about the scenario that is unorthodox, and subsequently recognise the limitations of conventional economic analysis.
The course aims to appreciate the contribution of economics to the understanding of the wider economic and social environment. It allows the students to use an enquiring and critical approach and to develop an ability to think as an economist.
Essentially an interrogative mind is the key to success for every Economics student.
“Economics really makes me think. I love learning about different countries and how their economy is different to ours. My favourite part of Economics has been looking at the black market and how it affects society"
Course Structure and Content:
Markets and market failure, UK economy, business behaviour and labour market, global perspectives.
- Theme 1 - Introduction To Markets And Market Failure Nature of economics; How markets work; Market failure; Government intervention
- Theme 2 - The UK Economy, Performance And Policies Measures of economic performance; Aggregate demand; Aggregate supply; National income; Economic growth; Macroeconomic objectives and policy
- Theme 3 - Business Behaviour And The Labour Market Business growth; Business objectives; Revenues, costs and profits; Market structures; Labour market; Government intervention
- Theme 4 - A Global Perspective International economics; Poverty and inequality; Emerging and developing economies; The financial sector; Role of the state in the Macroeconomy
Click here to download a course flyer
Assessment:
At the end of the Lower 6th, students sit an exam on all of the Lower 6th content. This does not count towards the final grade, but assesses the content at this half-way point before progression to the Upper 6th. The final assessments at the end of the Upper 6th are as below:
- Paper 1 - 35% 2 hours Markets and business behaviour (Theme 1 & 3)
- Paper 2 - 35% 2 hours The national and global economy (Theme 2 & 4)
- Paper 3 - 30% 2 hours Microeconomics and macroeconomics (All Themes)
Future career opportunities:
After university, Economists often go into Business, Finance, Accounting and Banking, but Economics can also be the springboard for careers in Journalism, Politics and other related areas.