Economics
 

Economics

Summary

With the current state of world economics and the impact it is having on individuals, businesses and whole countries , why would you not want to study this fascinating subject at A Level? Economics is an interactive ‘real’ subject – you do it in lessons and then engage in it every day. From our individual desire to consume, and businesses driving for profit, how do economies achieve the optimal solution for all? Or will there always be winners and losers?

“Economics is a great subject as it helps us to understand how and why certain things happen. Not only does it explain to us how people have to make the best with their limited resources but also makes sense of many of the key points often debated by Government. Studying economics has enabled us to watch things like the budget and be able to talk about the effectiveness of the policies announced.”

Harrison & Charlotte, AS Economists, 2016

Where will Economics take me?

Economics is relevant to everyone, and an A-Level in the subject provides a deep understanding which will prepare you for careers across many fields. Specifically many people go on to work in banking and investment, law, consultancy, accountancy and actuarial sciences.

Guidance and Support

Lessons are taught in a variety of ways from; simulations and role play to seminars and peer teaching to enhance students learning as well as their soft skills. From Term 2 onwards CBT sessions are in place for students to gain additional support, but the subject is taught with an ‘open door’ approach, therefore if you’re not sure, just ask!

Trips and Enrichment

There are plans to offer a trip to New York in the future as well as opportunities to hear from experts in the field. In 2015 we visited Sheffield University to hear a lecture from Sir Vince Cable on the 2008 recession. The Big Challenge is also run as a CBT option, which is of particular interest to economic students who have an opportunity to develop their entrepreneurial skills and enhance their CV.

Eligibility

Economics is available to all students at the Academy. The Academy’s general entry criteria apply.

AS Subject Content 

The operation of markets and market failure 

The national economy in a global context 

Assessment

In 2016-17 we will continue with assessment at both the end of the AS year and the A2 year. The AS results will not form part of your final A Level result but will endeavour to provide data for internal tracking and UCAS. Assessment details for AS are as follows:

AS Assessment

Paper 1 - (The operation of markets & market failure)

Paper 2 - (The national economy in a global context)

What's assessed

Content 1–5 above

What's assessed

Content 6–9 above

Assessed

written exam: 1 hour 30 minutes, 70 marks

50% of AS

Assessed

written exam: 1 hour 30 minutes, 70 marks

50% of AS

Questions

Section A: 20 multiple choice questions worth 20 marks

Section B: data response questions requiring written answers, choice of one from two contexts worth 50 marks 

Questions

Section A: 20 multiple choice questions worth 20 marks

Section B: data response questions requiring written answers, choice of one from two contexts worth 50 marks 

 

 

 A– Level Subject content

Individuals, firms, markets and market failure 

The national and international economy 

Assessment

In 2016-17 we will continue with assessment at both the end of the AS year and the A2 year. The AS results will not form part of your final A Level result but will endeavour to provide data for internal tracking and UCAS. Assessment details for A2 are as follows:

A2 Assessment

Paper 1 (Markets & Market Failure)

Paper 2  (National & International Economy)

Paper 3  (Economic principles & issues)

What's assessed

Content 1–8 above

What's assessed

Content 9–14 above

What's assessed

All content 1–14 above

Assessed

  • written exam: 2 hours, 80 marks,
  • 33.3% of A-level

Assessed

  • written exam 2 hours, 80 marks,
  • 33.3% of A-level

Assessed

  • written exam: 2 hours, 80 marks,
  • 33.3% of A-level 

Questions

  • Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks
  • Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Questions

  • Section A: data response questions requiring written answers, choice of one from two contexts worth 40 marks
  • Section B: essay questions requiring written answers, choice of one from three worth 40 marks

Questions

  • Section A: multiple choice questions worth 30 marks
  • Section B: case study questions requiring written answers, worth 50 marks

 

 

Where will Economics
take me?

Economics is relevant to everyone, and an A-Level in the subject provides a deep understanding which will prepare you for careers across many fields. Specifically many people go on to work in banking and investment, law, consultancy, accountancy and actuarial sciences.

In terms of university entry, students wishing to pursue a course in which economics is a major part (e.g Philosophy, Politics, and Economics, or ‘PPE’ for short) are recommended to pursue this subject. It also goes well with history (as economics helps historians to unravel what happened in the past), as well as politics (which explores the decision-making process behind national economic questions).