A LEVEL ECONOMICS
You will learn how the world works and the impact economic decisions have on individuals, firms and nations. You will be able to explain why countries trade with one another and why some countries (and people) have access to more resources than others, evaluating the effect government policies can have an economy and employment.
Economics permeates every area of life, and you’ll come to appreciate how economics can provide solutions to environmental issues, education and life expectancy. You’ll also develop an enquiring, critical and thoughtful ‘economist’s mind’ which will equip you for the challenges and opportunities of life after A-level.
What will I learn?
Economics will teach you about how the worlds resources are allocated to meet the needs and wants of individuals, businesses and governments. You will learn about the economic problem (scarcity) and how the market mechanism works to allocate resources. You will learn about production costs and revenues and how to run a competitive and efficient business. In macro economics you will learn about finance and the global economy, trade between countries and how the economy works as whole including interest rates and inflation.
How is it assessed?
There are 3 exams for the full A Level all 2 hours long and all equally weighted. Each exam is worth 80 marks and contains a mixture of data response, case study, essay and multiple choice questions.
Economics is about decision making and efficiency. It will enable you to think analytically. It will develop your numeracy skills so you are fluent in interpreting data and making quantitative forecasts. Most importantly you have a secure understanding of how the economy and therefore the environment in which we live works.
Careers include: Banking, Finance, Management, Advisor to government, Statistician, UN, WTO, International Business, Production Management