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Economics

Economics

Exam Board: Edexcel

Entry Requirements: Grade 6 in English and grade 7 in maths

What will you learn?

Economics is an applied subject that investigates how markets and economies interact with each other and the role that we, as consumers, play in these interactions.

Theme 1 Introduction to Markets and Market Failure

  • Nature of economics
  • How Markets work
  • Market failure
  • Government intervention

Theme 2 The UK Economy

  • Measures of economic performance
  • Aggregate Demand
  • Aggregate Supply
  • National Income
  • Economic Growth
  • Macroeconomic objectives and policy

Theme 3 Business Behaviour and the labour market

  • Business Growth
  • Business objectives
  • Revenue, costs and profits
  • Market Structures
  • Labour market
  • Government intervention

Theme 4 A global perspective

  • International economics
  • Poverty and inequality
  • Emerging and developing countries
  • The financial sector
  • Role of government in the macroeconomy

What does the assessment look like?

The A-Level consists of three 2-hour papers that will be sat at the end of year 13.

Choose this subject if you…

Are interested in studying a relatively quantitative subject that combines mathematical skills with real world applications.

What can an A-level in this subject lead to?

An A-Level in economics will allow you to have access to a large range of different degree disciplines. Due to its quantitative nature, it lends itself well to a degree in economics, accounting, finance, geography or mathematics. The A-level also contains a large amount of evaluative and analytical skill as you study human behaviour. It also therefore leads nicely into degrees such as psychology, law, politics and other social sciences.

Recommended reading:

The Undercover Economist – Tim Harford

Freakonomics – Steven Levitt

Superfreakonomics – Steven Levitt

SIXTH FORM