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A LEVEL

Economics

What is Economics?

Economics concerns the allocation of society’s scarce resources amongst their many competing uses. You will study the forces that shape our lives, such as the behavioural factors that influence our decision-making, wage differentials and employment opportunities, the reasons for the financial crisis, international trade and development.

You will find yourself in healthy debates with your classmates, you will share ideas, hear others’ views, discussing topics such as why a footballer earns more in a week than a fireman earns in five years, or why the government’s debt matters so much.

What Will You Study?

In the first year you will study both micro and macroeconomics. The microeconomic module includes the basic economic problem, how markets work and what happens when they fail to work properly. You will consider whether or not government intervention in the free market is necessary, and if so, which are the most effective policies to use.

In macroeconomics you will learn about how a government attempts to manage the economy and deal with unexpected economic shocks with the various tools it has available, in order to achieve its over-riding aim of maximising the welfare of its citizens.

What Next?

Economics is a highly versatile subject that provides many different career pathways.  Many students progress to university to study Economics before becoming economists in various fields such as with the Bank of England, accountancy firms, in economic ‘think-tanks’, in charitable organisations, in multinational corporations, or in government departments.

Economics students are also very well-prepared for the workplace, and a number of students go on to apprenticeship schemes, in areas such as accountancy or project management.

Exam Board

AQA

Entry Requirements

At least two Bs and three Cs at GCSE including at least a grade C (5) in GCSE English and GCSE Maths.

Course Type

A Levels

Breakdown

Exam: 100%

Interesting Fact:

Almost 20% of students successfully obtained apprenticeships last year: one with BAE, and seven with accountancy firms, including three who gained a place on the prestigious KPMG scheme.

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