Economics
Course summary
A level Economics requires students to consider key issues affecting everyday life. It is the study of how scarce resources are allocated by individuals, households, firms and governments. The course seeks to answer questions arising regularly in the news such as the price of houses or oil, what influences government spending and taxation, the impact of developing economies as well as exchange rates, international trade and the level of unemployment in an economy.
Entry Requirements
Checked against your grades — every rule traces to the school's published source.
| Requirement | Rule | You |
|---|---|---|
Average point score | Minimum average point score of 5.5 | — |
Mathematics | Grade 6 in Mathematics | — |
English Language | Grade 6 in English Language | — |
As published by the school
In order for students to study A Level courses, they will need the following:- An Average Point Score of 5.5 or more at GCSE Level, including at least a grade 5 in GCSE English Language and at least a grade 5 in GCSE Maths. Grade 6 in both GCSE Maths and English You should be competent when using/manipulating data. Economics A Level requires students to apply theory to the real world, so you will need to keep up to date with economic events and be able to analyse and evaluate reactions to and impact of different real world scenarios. In the exams you will be assessed through short answer questions as well as extended written answers that refer to data and written stimulus material.
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Assessment
Component Paper 1: Markets and Business Behaviour Weighting : 35% Assessment: Exam – 2 hours Component Paper 2: The National and Global Economy Weighting : 35% Assessment: Exam – 2 hours Component Paper 3: Microeconomics and Macroeconomics Weighting : 30% Assessment: Exam – 2 hours In Higher Education Economics can be studied as a B.A. or B.Sc. It is a compulsory subject in a number of major professional examinations such as accounting, banking, and estate management, as well as for those wishing to take degrees in business or financial studies. Careers for which economics is a key component include accountancy, banking, business and economic forecasting, management and financial services and stockbroking. Regardless of whether your chosen career requires it, the skills of critical thinking and evaluation which you will develop during the course as well as an understanding of resource allocation and decision making is very valuable in all walks of life. This includes when making decisions about your own resources and engaging with the world around you.
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