Economics

Every day, each of us is presented with an innumerable number of choices. Economics is the study of these decisions, and the science behind valuing the alternative opportunities each choice makes available to us. Its key premise is the scarcity of resources and the resulting need for these resources to be allocated efficiently and, as such, it is the science of exchange. Economics is relevant to every single aspect of our lives and it has quite arguably become the primary lens through which we view the world making it a discipline of intense relevance for any student.

The Economics course provides a thorough grounding in both microeconomics and macroeconomics. It is designed to relate closely to current affairs and the modern world through reference to a range of ‘real world’ issues in local, national and global contexts. Students will develop skills in evaluation, analysis and quantitative methods and learn to think as economists.

What will I learn?

Students of A level Economics will:

Gain knowledge and understanding of the key aspects of economic theories and policies and the impact which these have on the economy and on economic agents.

Compare the likely effectiveness of economic policies in relation to the achievement of particular economic objectives.

Develop the ability to make both microeconomic and macroeconomic decisions in specific contexts.

Develop the necessary analytical, questioning and quantitative skills to progress in the subject.

Confront issues, tackle the challenges these issues raise and engage in debate and discussion with fellow students.

Economics is a highly respected A level subject and relevant for many career options and university courses such as Politics, Business, Economics, Law, Management, Finance and Marketing.

The full A level is a two-year course that will be examined at the end of the second year. There are three 2-hour exam papers:

A minimum of Grade B in Maths GCSE is highly preferable.

Examination board: OCR