Economics
WHY SHOULD I STUDY A-LEVEL ECONOMICS?
Economics is divided into macro and micro. Macro issues consider how the aggregate (big picture) economy of a country behaves. Some of the issues we will address include how to manage economic growth at national level whilst also managing unemployment and controlling the rate of inflation. You will debate different economic schools of thought and examine the evidence to support or critique common government solutions to the economic problem. We will also look at the balance of trade and how countries compete in the global economy, managing wealth and global poverty. In Micro, you will investigate issues such as what decides the price of goods and services, who should pay for the cost of global pollution and why the government needs to intervene in the economy through the use of taxes, subsidies, the minimum wage and legislation.
WHAT WILL I LEARN ABOUT?
Macroeconomics involves looking at the 'big picture' of how our national economy fits into the global context, the global impact of financial markets and the operation of the international economy. In Microeconomics, you will investigate issues such as wealth and poverty and how it varies globally; why the government intervenes in some markets, such as setting wages, increasing the cost of tobacco and regulating competition between firms, and what happens when the government gets it wrong.
HOW WILL I BE ASSESSED?
The A Level is assessed by three, 2 hour written exams at the end of the course. The papers will feature a range of question styles including: multiple-choice, short answer, essay, and data response.
- PAPER 1: Markets and Business Behaviour (35%).
- PAPER 2: The National and Global Economy (35%).
- PAPER 3: Microeconomics and Macroeconomics (30%).
WHAT SKILLS WILL I DEVELOP?
You will develop the ability to:
- Analyse, evaluate, and make clear, effective judgements.
- Work as part of a team and solve problems.
- Interpret and analyse data and develop your essay-writing skills.
WHERE COULD THIS SUBJECT TAKE ME IN THE FUTURE?
You may choose to pursue a career in a directly related field such as banking or finance. Alternatively, you may decide to follow a career path which isn't directly related to your course of study. Economics is a highly regarded A-Level which could lead to a career in public service, working for energy companies, the NHS, or a whole range of other exciting organisations. Ultimately, Economics can take you wherever you want to go.
Exam Board: Edexcel | Course Code: 9EC0
