A-Level (Edexcel A)
What skills and previous experience will I need?
You do not need to have studied Economics at GCSE to study Economics at A or AS Level. What is important is that you have a lively, enquiring mind and are interested in current events. You are also required to have a grade C or above in GCSE Mathematics and English Language.
What will I study?
At the beginning of the course you will be introduced to why economic choices have to be made, how markets can be efficient but also how they can fail. You will then focus on various indicators of economic performance that you may have already heard of, for example, inflation, unemployment, economic growth and balance of payments.
At A2 you will discuss the trade we do with other countries, the changes in trading patterns and what factors may affect this. It also covers the sustainability of UK growth as well as globalisation and its impact.
Economics is a topical subject and during the course you will discuss the following examples:
- The price of petrol – why has it increased?
- The price of houses – why do they increase/ decrease?
- The crisis on our roads and railways –is road pricing the answer?
- The European Union – Where is the position of the UK?
- Obesity – is it an economic problem?
The assessments are exam based.
- Theme 1: Introduction to markets and market failure, 1h30 mins, 80 marks, 8ECO/01
- Theme 2: The UK economy - performance and policy, 1h30 mins, 80 marks, 8 ECO/02
- Paper 1: Markets and business behaviour, 2h, 100 marks, 35% of A-level grade, 9ECO/01
- Paper 2: The national and global economy, 2h, 100 marks, 35% of A-level grade, 9ECO/02
- Paper 3: Microeconomics and macroeconomics, 2h, 100 marks, 30% of A-level grade, 9ECO/03
Students will learn:
• To expand their knowledge and understanding of core economic models and concepts in Themes 1 and 2, and then build on this and apply your knowledge to more complex concepts and models in Themes 3 and 4.
· To apply knowledge and understanding to both familiar and unfamiliar contexts in the assessments and demonstrate an awareness of current economic events and policies.
· To challenge their own assumptions using evidence that has become available.
What can I do with an Economics qualification?
Economics can be taken as a single degree or combines with a number of other subjects at college or university.
There are lots of careers available in Economics, such as economist, politician, mathematics, business leadership roles and researcher roles.