Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. Microeconomics examines individual firms and markets, whereas macroeconomics allows students to understand those choices made by society in general and their contribution to the wider economic and social environment.
Students will develop an enquiring, critical and thoughtful 'economist's mind', and practise skills, qualities and attitudes which will equip them for the challenges, opportunities and responsibilities of adult working life.
Economics is a subject that is affecting us all in the current economic climate and studying this A Level will help students to understand the problems faced by our economy and the potential solutions available.
This course is structured into four themes: Introduction to markets and market failure, The UK economy – performance and policies, Business behaviour and the labour market, and A global perspective.
Essential Entry Requirements: Standard Sixth Form requirements with grade 7 in GCSE Mathematics.
Extra-Curricular Opportunities: Students will have the opportunity to attend a trip to the Bank of England and compete in the National Target 2.0 Interest Rate Competition. Other opportunities within the department include partaking in the National Share Centre competition by investing £1,500 in companies listed on the London Stock Exchange, and the Economics trip to New York.
Additional Costs: Subscription to the Economics review at a cost of £15 per annum. The Bank of England trip will cost approximately £25
Pre-Course Material: Economics
Paper 1: Markets and business behaviour – 35% of the Qualification
Paper 2: The national and global economy – 35% of the Qualification
Paper 3: Microeconomics and macroeconomics – 30% of the Qualification