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Economics allows you to study how societies interact and are interdependent from a financial and cultural viewpoint.
From Trumponomics to Brexit, it will teach you about the modern world and economic welfare. It is current and dynamic and is about how economic agents behave (individuals, groups, societies, businesses and governments). If you are inquisitive and want to develop a range of skills that employers value, economics is for you. A Level Economics shows you have the ability to analyse and understand economic subjects, as well as having a sound financial knowledge and essay-writing skills. You will develop the knowledge and skills needed to understand and analyse data, think critically about issues and make informed decisions. You will also build upon your quantitative skills and appreciate that, when evaluating arguments, both qualitative and quantitative evidence are important. A Level Economics can offer you many employment and university options including accountancy, engineering, stockbroking, banking, social sciences and financial and business-related studies.
Mr H. Cushion
Head of Economics
“As someone who has a strong passion for social sciences and problem solving, Economics quickly became my favourite subject. It focuses on the behaviour and interactions of economic agents mixed with step-by-step problem solving of both macro and micro economic production, distribution and consumption issues. The subject shines light on very important aspects of worldwide economics and modern challenges facing the world. Whether or not economics is a passion of yours it will impact your life – I find that learning about these principles is very interesting, relevant and beneficial. The course is very professionally laid out, following a clear path with all content clearly ordered, accessible and easy to revise and re-read, making extra study and revision a breeze. If I were to do anything different I would ensure all work was titled and date labelled. When it comes to storing work, teachers ask work to be placed in folders and if I were to have labelled my work from the beginning it would have saved a lot of time when ordering my folder.” (Connor)
Please note: Mrs Iwanczyk is the former Head of Economics. Mr Cushion is the current Head of Economics.
We follow the AQA specification which applies economic theory to support analysis of current economic problems and issues and encourages students to appreciate the interrelationships between microeconomics and macroeconomics. The subject is up-to-date and relevant and students are able to relate locally, nationally and globally to real-world case studies.
As part of this course you will be taken to the Bank of England to develop your knowledge and understanding of the impact and role Government institutions have on business and the economy.
- Individuals, firms, markets and market failure:
- Economic methodology and the economic problem
- Individual economic decision making
- Price determination in a competitive market
- Production, costs and revenue
- Perfect combination, imperfectly competitive markets and monopoly
- The labour market
- The distribution of income and wealth: poverty and inequality
- The market mechanism, market failure and government intervention in markets
- The national and international economy
- The measurement of macroeconomic performance
- How the macroeconomy works: the circular flow of income, AD/AS analysis and related concepts
- Economic performance
- Financial markets and monetary policy
- Fiscal policy and supply-side policies
- The international economy
External assessment is at the end of Year 2 and consists of three papers, each 2 hours long worth 80 marks each. There is a combination of data response questions, essays and case study questions.
Minimum 65555 including 5 in English and 6 in Mathematics GCSE.