Exam Board: EDEXCEL
This subject is highly topical, covering most of the major issues in public life. For example, pupils would look at the impact of the European Single Market and the Treaty of Maastricht on the British economy. It analyses issues that grab the headlines: unemployment, taxation and the prospect of a ‘single currency’. Consequently, a keen interest in current affairs and post-war history, as well as a willingness to read quality newspapers is essential. Although the subject is primarily theoretical, the work in the classroom can be related directly to the world outside.
Pupils considering studying Economics at degree level are advised to take Mathematics at either AS or A2 Level, as some degrees require a high level of mathematical competence. This intellectual discipline, together with the subject’s relevance to commerce and industry, mean it is viewed favourably by employers, often exempting pupils from part of professional examinations such as accountancy qualifications. GCSE Economics is a good introduction to A Level Economics but those who have not taken it are not disadvantaged and need not be discouraged from taking the subject.
An examination of the operation of Markets for Goods and Services as well as an analysis of why Markets fail to be efficient.
AS 50% A2 25%
Managing the Economy
An introduction to the main objectives and instruments of government policy.
AS 50% A2 25%
Business Economics and Economic Efficiency
An examination of the different types of markets (Monopoly, Oligopoly and Perfect Competition) and how these differences influence the behaviour of firms.
The Global Economy
An examination of the UK in the context of the world economy. It focuses on International trade, exchange rates and developing economies.
Assessment is by a combination of structured essays, data response and supported multiple choice questions. AS modules are taken at the end of the Lower Sixth and A2 modules at the end of the Upper Sixth year.
Lessons will involve a combination of class discussions, note taking and independent research. Pupils are encouraged to subscribe to ‘Economics Today’ at a cost of £10 per annum. There will be an opportunity to visit either the Stock Exchange or the Bank of England.
You could take this course to complement other advanced level courses or to prepare for the A2 part of an Advanced GCE in Economics and Business Studies, which could lead onto higher education in areas of Economics, Business Studies, Accounting, Marketing or more general higher education courses. With further training, you could go into a job related to economics, business, marketing, finance and accounting, human resources and public relations. You could also go straight into a job as the AS GCE is a recognised qualification that could help you do a trainee management course within a company to gain the skills, understanding and experience that they require so you can progress to working at management level.