Economics will engage you critically with real world issues and give you the opportunity to apply your economic knowledge and skills to issues in the world around you. A good economist is an independent thinker and someone who recognises the relevance of the subject in understanding the wider global events and how they affect us all.
Students are expected to have achieved at least a grade 5 in GCSE Economics, if taken, or a similar subject.
Learning & Assessment
Modules / Topics
Theme 1: Introduction to markets and market failure
Topics include: 1.1 Nature of economics, 1.2 How markets work, 1.3 Market failure, 1.4 Government intervention
Theme 2: The UK economy – performance and policies
Topics include: 2.1 Measures of economic performance, 2.2 Aggregate demand, 2.3 Aggregate supply , 2.4 National income, 2.5 Economic growth , 2.6 Macroeconomic objectives and policy
Theme 3: Business behaviour and the labour market
Topics include: 3.1 Business growth , 3.2 Business objectives, 3.3 Revenues, costs and profit, 3.4 Market structures, 3.5 Labour market, 3.6 Government intervention
Theme 4: A global perspective
4.1 International economics, 4.2 Poverty and inequality, 4.3 Emerging and developing economies, 4.4 The financial sector, 4.5 Role of the state in the macroeconomy
Trips / Visits / Enrichment
- London (to visit Parliament, Bank of England and Financial Markets)
- Royal Economic Society Essay competition
- Bank of England Economic Journalism competition
There are three exams, each 33.3% of the A Level and 2 hours in duration.
Paper 1: Theme 1 & 3
Paper 2: Theme 2 & 4
Paper 3: all themes synoptically.
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