Economics A Level
ECONOMICS A LEVEL
Exam board: Edexcel
Why study this subject:
You will learn a variety of skills and knowledge that you can apply to other jobs or to your personal life. Learning about interest rates, exchange rates, economic indicators and equity markets can help you make better decisions about investing and obtaining mortgages. Economics teaches students how to understand and spot secondary effects and possible unintended consequences. This can help you make better decisions about your personal life and make you more valuable to business. Student must be competent at Maths as performing calculations is a key component of this course.
Grade B in GCSE Economics, grade 5 or above in Maths and English.
Theme 1 - Introduction to markets & Market Failure Theme 3 – The Labour Market
· Nature of Economics Business Growth and objectives
· How markets work Market structure
· Market failure Labour market
Government intervention Government strategies
Theme 2 – UK Economy – performance and policy Theme 4 – Global Perspective
· Measures of economic performance International economics
· Aggregate demand and supply Poverty and inequality
· National income Emerging economies
· Economic growth Financial sector
Macroeconomic objectives and policy Role of state in the economy
How will I be assessed:
All themes are assessed through examination at the end of 2 years. The exam papers are a mixture of short and long questions based on case studies and data response questions. Mathematical diagrams are a requirement for the long essay questions.
Economics relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. The economic way of thinking can help us make better choices. It would be a useful qualification if you wanted to go into a management career, accountancy, politics or local government.