Economics is concerned with the behaviour of humans as individuals, businesses, organisations and governments, and the choices they make. Behind these choices lies the economic problem - scarce resources and infinite wants. You will study the theories that attempt to explain economic behaviour and realise that there is usually more than one way of interpreting events.
Economics offers an insight into how the world works and will help students to understand many of the big questions facing people today such as:
All exams are 2 hours and cover the whole specification. They all have 80 marks and they all have an equal weighting of 33.3% of the A Level.
Paper 1: Markets and Market Failure
Paper 2: National and Internationals Economy
Paper 3: Economic Principles and Issues
Students will have access to all resources and materials at the College.
Economics allows you to access a wide variety of courses at university where the subject is increasingly well-regarded amongst academic circles. As students develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions they are well placed to take on managerial positions. As they will also build upon their quantitative skills and appreciate that, when evaluating arguments, both qualitative and quantitative evidence are important they will be especially well equipped to enter careers in employment sectors including banking, accounting, finance, law and retail. With their understanding of the contribution of economics to the wider political and social environment, and its impact on everyday life, students are also well placed for roles in government, the media and big business. The increasingly complex, challenging and fast-paced nature of our interconnected world makes these skills of rational economic thought ever more sought after.
Grade 4 or above in English and a grade 5 in Mathematics is necessary. Additionally, grade B in GCSE Business Studies or Economics will be needed. If students have not studied GCSE Business Studies or Economics, a grade B in a Humanities subject will be accepted instead. You do not need to have studied Economics before to take the A Level.