Economics allows you to study how societies interact and are interdependent from a financial and cultural viewpoint. This A Level will teach you about the modern world and economic welfare. It is current and dynamic and is about how economic agents behave (individual, groups, societies, businesses and governments. This course applies economic theory to support analysis of current economic problems and issues and encourages students to appreciate the interrelationships between microeconomics and macroeconomics. The subject is up-to-date and relevant and students are able to relate locally, nationally and globally to real-world case studies. We follow the AQA specification.
“As someone who has a strong passion for social sciences and problem solving, Economics quickly became my favourite subject. It focuses on the behaviour and interactions of economic agents mixed with step-by-step problem solving of both macro and micro economic production, distribution and consumption issues. The subject shines light on very important aspects of worldwide economics and modern challenges facing the world. Whether or not economics is a passion of yours it will impact your life – I find that learning about these principles is very interesting, relevant and beneficial. The course is very professionally laid out, following a clear path with all content clearly ordered, accessible and easy to revise and re-read, making extra study and revision a breeze.”
Connor
Hear from our Head of A Level Economics – video coming soon!
Mr Cushion
Head of Economics
If you are inquisitive and want to develop a range of skills that employers value, economics is for you. A Level Economics shows you have the ability to analyse and understand economic subjects, as well as having a sound financial knowledge and essay-writing skills. You will develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions. You will also build upon your quantitative skills and appreciate that, when evaluating arguments, both qualitative and quantitative evidence are important. A Level Economics can offer you many employment and university options including accountancy, engineering, stockbroking, banking, social sciences and financial and business-related studies.
Year 1
In Year 12 you will examine individuals, firms, markets and market failure.
1. The economic problem and economic methodology
2. Individual economic decision making
3. Price determination in a competitive market
4. Production, costs and revenue
5. Perfect competition, imperfectly competitive markets and monopoly
6. The labour market
7. The distribution of income and wealth: poverty and inequality
8. The market mechanism, market failure and government intervention in markets
Year 2
In Year 13 you will study the national and international economy.
9. The measurement of macroeconomic performance
10. How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
11. Economic performance
12. Financial markets and monetary policy
13. Fiscal policy and supply-side economics
14. The international economy
Assessment
There are three exam papers of 2 hours each.
Paper 1 assesses content from topics 1 – 8. It contains data response questions requiring written answers (with a choice of one from two contexts) and essay questions requiring written answers (with a choice of one from three).
Paper 2 assesses content from topics 9 – 14. It contains data response questions requiring written answers (with a choice of one from two contexts) and essay questions requiring written answers (with a choice of one from three).
Paper 3 assesses content from topics 1 – 14. It contains multiple choice questions and case study questions requiring written answers.
Entry Requirements
Minimum 65555 including 5 in English and 6 in Mathematics GCSE.
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