Why Economics?
This course will appeal to students who enjoy studying an ever-changing subject that affects their everyday lives. It is important for students to have an interest in economic affairs and to have a desire to explore why and how a study of Economics contributes to an understanding of the modern world. Economics is not a mathematical subject at A Level; being able to calculate percentages is sufficient! The syllabus is not large compared with some A Levels and it relies on understanding rather than learning. Economics is now one of the fastest growing academic A Levels.
Course Overview
The girls will take two modules at AS and a further two at A2.
Unit 1 - Markets in Action
At AS Level, we look at how markets work and why they sometimes fail; this includes a study of government policies on issues such as student fees and smoking.
Unit 2 – The National and International Economy
This unit focuses on the general economy, for example, unemployment, inflation etc.
Unit 3 – Economics of Work and Leisure
At A2 Level, the girls will learn about market structures and apply their knowledge to various leisure industries such as cinemas, and TV broadcasting; they will also look at labour markets and the distribution of income.
Unit 4 - The Global Economy
The final module is about the global economy and includes development issues as well as a further look at international trade and UK policy.
Assessment
AS Level is assessed by written examinations on Markets in Action and The National and International Economy. A2 Level is assessed by written examinations on Economics of Work and Leisure and The Global Economy. Both devised by the OCR examination board.
Beyond A Level
These skills are in great demand and are recognised by employers and universities as being of great value. Economics combines well with a range of university courses in areas such as Law, Engineering, Business, Accounting and Politics, and of course Economists are the second best paid of all professionals.