Economics

A-Level

In Economics you’ll look at the fundamental forces which affect our lives, such as employment, prices, international trade and poverty. Economists are often in healthy debate with each other over these issues. It is this controversy that makes Economics lively and interesting and which allows you the opportunity to make your own judgments and form your own opinions.

There are several definitions of economics, with each trying to encapsulate the essence of the subject. However, most textbooks seem to agree that economics concerns the allocation of society’s scarce resources amongst the many alternative uses to which they could be put.

Entry requirements

No previous study is necessary, but entry requirements including GCSE grades B and C in English Language and Mathematics are required. The B grade can be in either subject.  However, the most important qualification is an interest and enthusiasm for the subject.

What will I study

Your motives in choosing any particular A Level are important simply because successful study at this level requires you to actively participate and to develop an enthusiasm for the subject if you are to enjoy the hours each week you will spend working on the subject. A general enthusiasm for current affairs and the world of economics and finance around you is invaluable. This is an applied subject, which requires you to be well informed about topical economic issues.

Which subjects complement this

Economics can be combined with a variety of other subjects in business, social services, humanities, languages or maths. 

  • Philosophy
  • Accounting
  • Business Studies
  • History
  • Law
  • Maths
  • Further maths
  • Sociology
  • Geography

Assessment

There is no coursework in this subject; assessment is done via external examination in each of the four modules of the course.

Unit 1 – Markets and market failure, 50% of AS

Unit 2 – The national economy, 50% of AS

Unit 3 – Business Economics and the distribution of income, 50% of A2

Unit 4 – The National and International economy, 50% of A2

Progression

Most students see A Levels as a means to an end. Whether or not you have a clear idea about your future, A Level Economics can be seen as a useful step in the right direction. Not only does it provide an excellent basis for degree level work in all social science subjects, but it is also evidence of skills and knowledge that are highly valued by employers.