Home / 6th Form / Subjects /

Economics

COURSE DESCRIPTION

This traditionally popular subject provides a wide ranging analysis of the modern British and international economy.  Economics very much appeals to those students interested in current affairs and world political problems.  In addition, those students interested in business and finance will find this course extremely useful.  Study of Economics today is very exciting and makes very effective use of ICT facilities and resources.  Discussion of current economic issues forms an important part of the course.  In order to enhance students' learning and understanding of the changing world economy exciting study visits to Prague, Moscow, St Petersburg and Beijing have regularly been offered.

 

COURSE CONTENT

AS UNITS:

Unit 1: Markets in Action

(1 hour 30 minute exam)

This is a micro-economics unit that ensures students have an understanding of the issues of the allocation of resources, the forces of supply and demand and the workings of the market system.  The concept of efficiency, market failure (for example pollution, traffic congestion) and how it can be corrected are also studied.

Unit 2: The National and International Economy

(1 hour 30 minute exam)

This macro-economic unit investigates a wide range of generally important issues and problems including: inflation, unemployment, international trade, wealth and poverty, interest rates and exchange rates.

A2 UNITS:

Unit 3: Economics of Work and Leisure

(2 hour exam)

The principal focus of this unit is analysing labour market concepts and issues including: the large level of inequality of wealth, the operation of the national minimum wage and the role of trade unions.  Leisure industries and the existence of different market structures, eg monopoly, will also be studied. 
 

Unit 4: The Global Economy

(2 hour exam)

Drawing of themes covered in AS unit National and International Economy, this unit examines the growth and development of the EU, discusses the case for and against further EU integration, sustainable economic development in the Third World and the influence of globalisation.

 

CAREER POSSIBILITIES

A Level Economics is a highly respected qualification and is welcomed by universities and employers alike.  Economics at university is very popular, both studied on its own, but also in combination with a large number of other subjects, including: History, Politics, Geography, Mathematics, Business and Accounting.  Economics can lead to careers in the private sector in Business Management, Accounting, Marketing, etc., but it also leads to careers across the public sector, in Education, the NHS and in national and local government.

 

GCSE GRADE PROFILE

Students studying Economics at this level should have A* to C grades in a range of subjects at GCSE.  In order to cope with the essay writing needed for the A2 papers, students would normally be expected to have Grade B in English.