Subject Area: Business
Level: TWO-YEAR A Level
Exam Board: Edexcel/Pearson
GCSE English and GCSE Maths grade 5
What will I study?
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 the subject has on the world around you. You can investigate some of the stories you hear in the news: why do some economies grow and others don’t? Will the Eurozone survive? Why didn’t economists predict the global financial crisis? These courses will help you to understand all this and more.
The Economics Department offers two options: A level and Level 3 Financial Studies. Both are two year courses. Level 3 Financial Studies is worth the same UCAS points as A level Economics. For the A level, students are assessed through external examination at the end of the two years. For Level 3 Financial Studies, students are assessed through external examination, spread over the two years, with some scope to retake exams if necessary.
FIRST YEAR OF A LEVEL
Microeconomics – scarcity and choice, how competitive markets work (supply and demand) and market failure and government intervention.
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.
SECOND YEAR OF A LEVEL
– Microeconomics – competition and power in markets and the labour market.
– Macroeconomics – economic development, income distribution and welfare and globalisation.
– Themes in economics – putting theory into practice.
Studying A level Economics or Level 3 Financial Studies prepares you for university study or moving into the world of work. Suitable HE subjects include economics, business and applied economics, such as environmental, labour, public sector or monetary economics. Economics is viewed as an excellent grounding at either A level or graduate level for jobs in marketing, management, accounting and finance, or indeed any business-related career. Economics is extremely highly regarded both by employers and universities, and is a well-respected base for almost any profession.