economics

A Level Economics

Exam Board
AQA
Entry requirements
GCSE grade B or above in English and Mathematics (or 9 - 1 equivalents)
What will I study?
Why do oil prices fluctuate so dramatically? Why did the financial crisis occur? Why do footballers get paid more than doctors and nurses? How will Brexit affect the economy? During your studies, you will develop the skills and understanding needed to answer these questions, and many more. Economics will develop your logic and questioning skills, enabling you to solve problems and interpret data with confidence. This widely respected course is sought after by many universities due to the transferable skills it fosters, along with the challenging content. An interest in the workings of the world and a natural curiosity are essential qualities for any prospective economist.
 
Unit 1: Markets and Market Failure (33.3%)
• Economic methodology and the economic problem
• Price determination in a competitive market
• Production, costs and revenue
• The market mechanism, market failure and government intervention
• Individual economic decision making
• Perfect competition, imperfectly competitive markets and monopoly
• The labour market
• Distribution of income and wealth: poverty and inequality
 
Unit 2: National and International Economy (33.3%)
• The measurement of macroeconomic performance
• The economy and economic growth
• Employment and unemployment
• Inflation and deflation
• Balance of payments on current account
• Macroeconomic objective conflicts
• Financial markets and monetary policy
• Fiscal and supply-side policies revisited
• The international economy

Unit 3: Economic Principles and Issues (33.3%)
This is a synoptic unit which assesses aspects of microeconomic and macroeconomic theory. Section A assesses understanding of key theories using multiple choice questions whereas, Section B relates to a specific, unseen case study which applies theory to a given context.
What skills will I gain?
• Analytical skills
• Data interpretation and analysis
• Questioning
• Interpreting
• Problem-solving 
Studying beyond the classroom 
We take part in the Royal Economics Society Essay Competition (Summer Year 12), with in-class support and coaching. 
Future pathways
Economics is a highly valued subject due to its analytical and evaluative nature.  Future career paths include: economist, investment banking, law, data analysis, financial risk analyst, accountancy.