Economics A Level
AS and A Level Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of their citizens. You will develop a greater understanding of the economic problems which face individuals, firms and governments on a local, national and global level and the alternative ways these problems can be resolved.
When studying economics you will be given the opportunity to explore the disagreements that exist between economists and current economic controversies. You will be assessed on your ability to use both quantitative and qualitative evidence to evaluate arguments and to support issues relating to economic issues and problems. You will gain knowledge of trends and developments in the economy which have taken place over the past fifteen years and also have an awareness of earlier events where this helps to give recent developments a longer- term perspective.
During the course you will encounter 6 modules spread out across the two years of the course, known as a modular structure. These units encompass all subjects associated with economics in order to give you the broadest knowledge possible. In the first year, you will study markets and market failure and you will have two 90 minute exams.
In the second A Level year, you will study the above in more depth as well as additional material in national and international economies, and economic principles and issues. In this year you will have three, 120 minute exams. Your maths and quantitative skills will also be examined and will constitute 15% of your overall mark.
Throughout the year you will be assessed via essays, reports, presentations and mock exams. You must obtain at least a grade D at AS in order to progress to the A Level qualification.
You will need to possess a good level of numeracy as you will be required to calculate, interpret and analyse data and graphs.
Due to the current COVID-19 situation and with health and safety of our students as a priority, we have redesigned this course to include a mixture of classroom-based and online learning.
What areas will I study?
Topics may include:
- Operation of markets & market failure
- Economic problems, methodology, price determination in a competitive market, productions costs and revenue
- Government intervention in markets
- The national economy in a global context: How the macro economy works; measurement of macroeconomic performance; supply analysis and related concepts
- Individuals, firms, markets and market failure: Individual economic decision making, production, competition, monopoly, the labour market
- Distribution of income and wealth, poverty and inequality
- The national and international econom: measure of performance, monetary policy, fiscal policy and supply-side policies