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Economics

 

Course Content

In Economics you will look at the fundamental forces which affect our lives, such as employment, prices, international trade and poverty.  Consequently, a keen interest in current affairs and a willingness to read quality newspapers is essential.  Although the subject is primarily theoretical, the work in the classroom can be related directly to the world outside.  Economists are often in healthy debate with each other over these issues; it is this controversy which makes economics lively and interesting and which allows you the opportunity to make your own judgements and form your own opinions.

What will you learn?

Economics A-Level is structured into four themes:

  1. Introduction to markets and market failure focusing on microeconomic concepts. 
  2. The UK economy – performance and policies focusing on macroeconomic concepts. 
  3. Business behaviour and the labour market.  This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. 
  4. A global Perspective.  This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context.

 

You will build knowledge and understanding of core economic models and concepts in Themes 1 and 2, and then build on this and apply their knowledge to more complex concepts and models in Themes 3 and 4.  You will need to apply your knowledge and understanding to both familiar and unfamiliar contexts in the assessments and demonstrate an awareness of current economic events and policies.

How will you be assessed?

This is a 100% exam based subject where you will be assessed by multiple choice, short answer, data response and extended open response questions.  You will sit three papers at the end of your two years studying Economics to obtain your A-Level qualification in this subject. 

Where will success take you?

Economics is a versatile subject that can help you in a number of careers.  It may lead to a career in multinational corporations, banks or the government but your qualification in economics could also be valuable support in a career like marketing, law, journalism or teaching.  Sixth-Formers who take Economics also often study Law, Mathematics, Geography, History, Politics, Philosophy and Languages.

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