Subject Area: Business
Level: BTEC Level 3 Diploma
Exam Board: Edexcel/Pearson
GCSE English and GCSE Maths grade 4
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.
In the first year, students will gain an appreciation of why money is important through focusing on what money is, attitudes to it, and how it can affect life choices. Students will also gain the ability to plan and manage their financial needs in the medium and long-term, with particular reference to the importance of the need to budget for future aspirations and life events. In the second year, students will study the importance of financial sustainability for the individual; to enable the development of skills to make sure that an individual’s financial capability is sustained over a period of time. Students will also study the financial services system and looks at how financial services providers work and compete with one another.
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 ideal for those with questioning 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. It will also enable you 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.’
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.