Awarding Body:EdexcelCourse Duration:1/2 Years
5 GCSEs at Grades A*- C or above, including English, plus at least a B grade in Maths. You do not need to have studied Economics at GCSE level.
Economics is a subject that involves much discussion in lessons of current issues in the news. Theories are constructed to help our understanding of markets and economies.
The subject is divided into two parts. Microeconomics is the study of individual markets and the behaviour of consumers and producers. Macroeconomics is the study of the economy as a whole. Economics complements most A Level subjects as it develops both numeracy and literacy skills.
AS-level and A-level (Year 1)
Students will study the same topics at AS level and the first year of A-level.
In Microeconomics students will learn about supply and demand and how individual markets work. They will also learn about the case for government intervention. Students will consider issues such as: Why has the price of oil risen? Should there be a national minimum wage? Should health care be free?
In Macroeconomics students will learn about how government policy can be used to improve the performance of the UK economy. Students will consider issues such as: Should the Bank of England change interest rates? How can the government reduce unemployment? How can the government raise living standards?
A-level (Year 2)
In Microeconomics students will learn about how in theory firms set prices and how they behave in different markets.
In Macroeconomics there is a greater emphasis on international trade and development. Students will consider issues such as: Should there be free trade? How has globalisation affected the UK? Should the UK join the euro? Why is China developing so rapidly?
How much maths is there in Economics?
In A-level Economics you will be need to have a good understanding of basic GCSE Maths. You will need to learn some equations, make simple calculations such as percentage changes and interpret statistical data. However, if you wish to read Economics at university we strongly recommend that you also choose to study A-level Maths as there is a very high maths content in many Economics degree courses.
Economics is a rigorous academic subject which is well respected by both universities and employers. The combination of analytical, numerate and literate skills developed in A-level Economics means it is a valuable preparation for a variety of university courses. However, many of our students choose to study Economics at degree level.