In order to study economics at A level students will need a minimum of a grade 6 in both Maths and English GCSE. There is no requirement to have studied Economics GCSE.
Economics is the study of the ways in which people, businesses and industries use resources and each topic studies will teach you a lot about the society we live in today. You will learn all about how economics affects the world and the ways we live and how we can improve the economy to benefit the whole world. Economics is a highly regarded academic field of study which provides knowledge and transferable skills to allow the progression to many other fields of study.
This 2 year course will enable students to develop an understanding of a range of economic concepts and an ability to use these concepts in a variety of different contexts. The course runs over 2 years and is broken into 4 main themes.
In Y12 students will study an introduction to markets and market failure, focussing on how markets work and government intervention needed to keep them working. They then move onto the UK economy, performance and policies where they will develop an understanding various topics including measures of economic performance, economic growth and macroeconomic objectives and policy.
In Y13 students will learn about business behaviour and the labour market, looking at things like business growth, market structures and the labour market before moving onto a global perspective and look at things like international economics, poverty and inequality, emerging and developing economies and the role of the state in the macro economy.
Students will develop an ability to think like an economist, developing analytical and quantitative skills which will equip them for the challenges, opportunities and responsibilities of adult working life.
Assessment is 100% external examination. There are 3 exam papers, all sat at the end of Y13.
- Paper 1 is worth 35% of the total qualification and will assess both microeconomic units
- Paper 2 is worth 35% of the total qualification and will assess both macroeconomic units
- Paper 3 is worth 30% of the total qualification and is a synoptic unit which will assess all 4 themes studied over 2 years.
What students say:
“Economics places a key role in all aspects of life and is an important subject worth knowing more about.”