Economics

C6th 055Subject Introduction

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.

The curriculum

Year 12

Theme 1

  • 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

Theme 2

  • The UK Economy – performance and policies
  • Economic growth and welfare, employment and unemployment, inflation, investment, aggregate demand and supply, fiscal and monetary policy

Year 13

Theme 3

  • Business Behaviour and the Labour market
  • Costs, revenues, profit, market structure, monopoly, monopsony, oligopoly, welfare economics, public versus private sector provision

Theme 4

  • 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

Assessment

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.