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Economics

What do we cover in this subject?

Economics helps you understand how the world really works—how people, businesses, and governments make decisions about money, jobs, and resources.

Individuals, Firms, Markets and Market Failure [Microeconomics}

  • Economic Methodology and the Economic Problem
  • Individual Economic Decision-Making
  • Price Determination in a Competitive Market
  • Production, Costs and Revenue
  • Perfect Competition, Imperfectly Competitive Markets and Monopoly
  • The Labour Market
  • The Distribution of Income and Wealth: Poverty and Inequality
  • The Market Mechanism, Market Failure and Government Intervention in Markets

The National and International Economy [Macroeconomics]

  • The Measurement of Macroeconomic Performance
  • How the Macroeconomy Works
  • Economic Performance
  • Financial Markets and Monetary Policy
  • Fiscal Policy and Supply-Side Policies
  • The International Economy

 

How is this subject taught?

A Level Economics is a dynamic and engaging subject, lessons are packed with debates and discussions about current affairs, so you'll be constantly linking what you learn to what's happening in the news. You'll have 9 lessons per fortnight, giving you plenty of time to explore key topics in depth and share your views with others. At the end of the two year course, you’ll sit three exams that test both your knowledge and your ability to apply it to real-world situations.

 

What are the enrichment opportunities in this subject?

Economics students have access to a range of exciting enrichment opportunities, including talks from guest speakers such as experts from the Bank of England and top universities. Many students also take part in our popular Debate Club, which helps develop confidence and critical thinking. In addition, all Economics, History, and Politics students are invited on a trip to London to explore key political and financial institutions.

 

Where does this subject lead to after Sixth Form?

Studying Economics gives you valuable skills that make you highly employable after school or university. Because economists are needed in so many different areas, it’s easier to find a job that matches your interests and strengths. Possible careers include accountancy, business management, banking, insurance, or even helping predict future trends through economic forecasting.