Economics is a highly valuable, academic subject for those who have an interest in what's happening in the world around them. This course intends to blend theory with real-life application in the search for better ways to manage our economy, resulting in a more equitable society.
In your first year, you will develop a firm understanding of micro- and macro-economics, as well as hone your analytical and evaluative skills. You will look at a variety of topics, including:
- The economic problem
- Price determination in a competitive market
- Production, costs and revenue
- Competitive and concentrated markets
- The market mechanism, market failure and government intervention
- The macro-economy, economic performance and macro-economic policy
The second year builds upon the micro- and macro-economics already learnt in your first year, considering economic concepts and theories in greater depth and recognising the values and limitations of economic models. You will look at a variety of topics, including:
- Market structure
- The labour market
- Poverty and inequality
- Financial markets
- The international economy
Assessment methods will reflect real-life economic issues in an examination context. AS will be assessed by two exams covering both micro- and macro-economics. The second year will be assessing your knowledge with three exams, including a multiple-choice section and a case study section.
Economics is widely accepted as a challenging and rewarding A Level. Upon completion of this course, you will be prepared for further study at university or be ready for the world of work.
Students that have gone on to study economics at degree level have typically found employment in sectors including banking (high street and city), charitable and not-for-profit organisations, consultancies, insurance and accountancy firms, government departments and think tanks.