Economics is the study of local, national and international markets. Studying economics will help you to develop a range of skills, including analytical and problem solving skills, numerical and computing skills, communication skills, political awareness and team working skills.
In order to study Economics, students must have a Grade 6 or above in Mathematics and English.
- Introduction to markets and Market Failure
- The nature of demand, supply, price elasticity, the labour market, economic efficiency, market failure, indirect taxes, subsidies and government failure
- The UK Economy – performance and policies
- Economic growth and welfare, employment and unemployment, inflation, investment, aggregate demand and supply, fiscal and monetary policy
- Business Behaviour and the Labour market
- Costs, revenues, profit, market structure, monopoly, monopsony, oligopoly, welfare economics, public versus private sector provision
- A Global perspective
- Macroeconomics and government policy, spending, monetary policy, globalisation, world trade, monetary union, ,balance of payments, third world trade, population, migration and the environment
Paper 1: Markets and Business behaviour
Paper 2: The National and Global Economy
Paper 3: Microeconomics and Macro economics
ENRICHMENT & EXTRA-CURRICULAR
Access to newspapers, media reports, and economic websites will be of immense value to deepen understanding and sharpen awareness of the current national & global economic environment, and the measures various governments employ to address economic needs.
Life After Christ's
The study of Economics A Level is ideal preparation for a degree and/or career specifically in Economics.
It is also highly beneficial for any related field of work in finance, business, politics and government.