Economics A Level is a very wide-ranging and relevant course which is designed to provide an insight into the workings of a modern economy and how it affects individuals and institutions operating within such a system.
The course focuses on recent economic events, current economic issues and problems relating to the UK, but with the increasing globalisation of the world economy, it also deals with how we affect, and are affected by, developments in Europe and the rest of the world. For example, on the current course, the two A2 modules have a choice of data response questions – one set in an EU context and the other in a global context.
We offer the AQA specification and will continue to do so when the new A level course starts in September 2015, which as well as looking at the theoretical aspects of the subject, puts considerable emphasis on how it can be applied to the present day. Some of the many topics covered during the course include supply and demand, the labour market, money and banking, international trade, taxation, government spending, unemployment, inflation and the management of the economy generally.
What subjects does it go with? In recent years, Economics has been studied in combination with almost every subject on offer. Many students take it with Mathematics (usually Pure and Statistics), Geography, History, English, Business Studies, Sociology or Psychology but it is also a useful addition to someone concentrating on sciences or languages.
What are the results like? Students taking Economics have gained consistently high grades for many years. For example, in 2012, 75% of students at AS level achieved at least a B grade, whilst all the A Level students gained A*-C, with 50% obtaining an A*.
Why else should I do it? It provides an opportunity to study an entirely different subject area from those experienced up to Year 11 and to obtain a good general grounding for all future careers.
And finally… Do you want to learn about the business world? Do you want to understand the workings of the UK economy? Do you want to be a more informed voter at 18? Do you want to try something different? …then Economics could be for YOU!
From September, for the new A level course, Grade B or above in Maths & Grade C or above in English Language along with a mimimum of 43 APS
For Year 13, students should achieve a grade D or above at AS
Current Assessment (to be updated when the course changes for Y12 in September)
Unit 1: Markets and Market Failure (50% of AS, 25% of A Level) = multiple choice and data response question.
Unit 2: The National Economy (50% of AS, 25% of A Level) = multiple choice and data response question.
Unit 3: Business Economics and the Distribution of Income (50% of A2, 25% of A Level) = data response and essay.
Unit 4: The National and International Economy (50% of A2, 25% of A Level) = data response and essay.
There is no coursework.
A Level Economics is a well-respected subject both for university courses and beyond. The knowledge and understanding you gain will stand you in good stead throughout your working life. Economists are much in demand and a degree in the subject could lead to a well-paid job in a variety of careers including banking, accountancy and business generally.