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Economics

Subject Area: Business
Level: TWO-YEAR A Level
Exam Board: Edexcel/Pearson
Syllabus No:

What do I need to study this course?

GCSE English and GCSE Maths grade 5


What will I study?

Economics:

It doesn’t matter if you haven’t studied economics before. You might have an interest in economics and want to know more about the impact it has on the world around you. You can investigate some of the stories you hear in the news: why do some economies grow while others don’t? Will the Eurozone survive? Why didn’t economists predict the global financial crisis? This course will help you to understand all of these and more.

Economics relates to every aspect of our lives, from the decisions we make as individuals or families to the structures created by governments and firms. It is an ideal subject for those with enquiring minds, who are curious about what is going on around them in the real world. You will have the opportunity to debate issues such as inequality, immigration and how we should pay for health care. You will also learn to use and interpret data to analyse economic problems, discuss alternative courses of action, and keep up to date with national and international trends. You will develop a range of skills including analytical, quantitative, questioning and reasoning abilities. We encourage you to ‘think like an economist.’

Microeconomics:

Scarcity and choice, how competitive markets work (supply and demand), market failure and government intervention, and competition and power in markets and the labour market.

Macroeconomics:

Economic policy objectives and indicators of macroeconomic performance, aggregate demand and aggregate supply, the application of policy instruments and economics in a global context, economic development, income distribution and welfare and globalisation.

Themes in economics:

Putting theory into practice


What next?

Studying A level Economics prepares you for university study or moving into the world of work. Suitable degree subjects for economics students include economics, business, and applied economics (environmental, labour, public sector or monetary economics). Economics is extremely highly regarded both by employers and universities. It provides a well-respected option for almost any profession but is a particularly excellent option at either A level or graduate level for jobs in marketing, management, accounting and finance, or indeed any business-related career.

Did you know?

 After 5 or more years, the average annual salary for a chartered accountant in business rises to £90,200, with an average yearly bonus of £20,600