If you’re interested in how the world works – how the world really works– then Economics A-level is the course for you.
Human beings have unlimited needs and desires, and yet the resources available to us are limited. Economics is the study of how individuals, firms and governments behave when faced with this problem. Why do diamonds, seemingly a luxury good, cost more than water? Why are footballers paid more than nurses? Why did the global economy fall apart in 2008? If you’ve ever asked yourself similar questions, and have an interest in current affairs, you ought to consider choosing Economics A-level.
About the Course
You will be applying the principles of economics to national global issues. It is an academically challenging course that suits those with an enquiring mind and those intending to continue their studies at university. It involves writing long, evaluative essays and requires you to analyse theories using evidence, mathematical calculations, and diagrams.
The A-level Economics course can be broadly split into two sections, both of which are studied in tiers one and two. Microeconomics involves the study of individual markets for goods and services, whilst macroeconomics involves the study of national and international economies.
Module 1: Microeconomics – Markets and Market failure (How do individuals, firms and governments make decisions about allocating scarce resources between different uses?)
Module 2: Macroeconomics – National and International Economy (How do governments encourage rising living standards, stables prices, full employment and international trade?)
Methods of Teaching and Learning
Students can expect:
- Teacher-led input
- Reading and researching
- Essay writing
- Calculations and mathematical exercises
- Use of case studies and the internet
Trips may be organised to develop your understanding of how Economics is used in a business environment and there is the opportunity to compete in a national economics competition.
Method of Assessment
The course will be examined at the end of 2 years by AQA in the following way:
- Paper 1: Markets and Market failure - Two hour written exam: 80 marks (33.3% of A-level)
- Paper 2: National and International Economy - Two hour written exam: 80 marks (33.3% of A-level)
- Paper 3: Economic Principles - Two hour written exam: 80 marks (33.3% of A-level). This is a synoptic paper, based on an unseen case study. It covers elements of both micro and macroeconomics.
Economics Virtual Open Event Presentation
Moodle pages and other web based resources, text books which are reviewed and updated regularly, government publications and statistical reference material.
A-level Economics provides a sound basis for students wishing to go to university or into a career in business and is generally well regarded by all universities as being academically rigorous
During the course you will be charged for printing and for extended revision materials. In addition, a number of visits may be arranged which may require you to make a contribution towards travelling costs.