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economics

A Level Economics
Exam Board
 Edexcel
Entry requirements
 Grade 6 or above on GCSE English and GCSE Mathematics.
What will I study?
 Microeconomics:
  • the economic problem and economic methodology
  • individual economic decision making
  • price determination in a competitive market
  • production, costs and revenue
  • perfect competition, imperfectly competitive markets and monopoly
  • the labour market
  • the distribution of income and wealth: poverty and inequality
  • the market mechanism, market failure and government intervention in markets.

Macroeconomics:

  • the measurement of macroeconomic performance
  • how the macroeconomy works
  • economic performance
  • financial markets and monetary policy
  • fiscal policy and supply-side policies
  • the international economy
Assessment
 At the end of the two-year course, you will sit three two hour written exams – two exams will be worth 35% each and the third paper 30% of the A-level.

Paper one will cover markets and market failure, paper two will cover the national and international economy and paper three will draw on material from the whole course.

The papers will feature a range of question styles including:

  • multiple choice questions
  • short answer questions
  • essay questions
  • data response questions
  • case studies
What skills will I gain? You will learn to:

The A-level course in Economics will stand you in good stead by giving you an insight and understanding of the economic forces that impact your day to day activities. The analytical and evaluation skills that you will have developed will be useful in whatever path you choose in the future.
Future pathways You may choose to pursue a career in a directly related field such as banking or finance. Alternatively, you may decide to follow a career path which isn’t directly related to your course of study.