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A-Level

Economics

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Economics is the study of choice and decision-making in a world with limited resources. It examines how societies allocate scarce resources to meet the needs and wants of their citizens.

Exam Board

AQA

Entry Requirements

GCSE grade 6 in GCSE English language or English literature and a GCSE grade 5 maths.

Assessment

  • 100% Exams
About this course FAQs An introduction to Economics Pathways Information

What is Economics?

Economics is the study of choice and decision-making in a world with limited resources. It examines how societies allocate scarce resources to meet the needs and wants of their citizens.

 

What will I study?

You will investigate both Micro and Macro-Economic topics during the two years. Micro topics include how markets work, why markets fail, market structures and labour markets. Macro topics will cover aggregative supply and demand, Fiscal and Monetary policy, financial markets and international trade and globalisation.
There are three final exams for A Level Economics. Each exam is 2 hours – Paper 1 is the Microeconomic exam, Paper 2 is the Macroeconomics exam. The third exam is synoptic and brings together all the content from the two years of study. Each paper has a maximum of 80 marks & represents 33.3% of the final grade.

 

Assessments

There are three formal assessment points in Year 12 & two in Year 13. Also, there are additional subject assessments, at the discretion of the subject teacher/leader, to support student progress and monitoring

 

Trips, visits and enrichments:

    • Bank of England Guest Speaker
    • HSBC Guest Speaker
    • New York trip – dependent on student numbers

 

What can it lead to?

Many students go on to study Economics at university as it is a highly regarded degree choice and provides opportunities for careers within Government, Banking, Accountancy, Management and Investment.

FAQs

What does studying Economics involve?
Economics involves: Reading & essay writing Lots of diagrams to learn The use of data World events, so if you are interested in what’s going on in society & the news, then A Level Economics is for you.
Is Economics like Business?
Economics is very different from business. The content and specification do not really have much overlap.
Which other A Level subjects go well with Economics?
Essentially any reading & essay based A Level works well with Economics, such as Geography, Politics, Business Studies, History.
Do I need A Level Economics for University?
You do not need to study A Level Economics to study Economics at degree level. However, most Universities do expect you to study A Level Mathematics as an entry requirement – check the university website to confirm this.

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