Economics A/AS Level

What is Economics?

Economics is one of the most popular and relevant subjects in the school curriculum. We have all heard about the global financial crisis, the sovereign debt and Euro crises, the lack of credit, rising unemployment and inflation. Whether it is your own welfare you are aiming to improve, or the welfare of others, economics gives us an insight into the levers of wealth and well-being. We aim to teach this evolving subject area in such a way as to equip pupils with the tools to interpret future developments and to allow them to carry these skills into their university studies and employment beyond.

What will I study?

From 2015 we will follow the Edexcel specification.

This examines the following 4 key themes.

Theme 1: Introduction to markets and market failure

This theme focuses on microeconomic concepts. Students will develop an understanding of:

  • nature of economics
  • how markets work
  • market failure
  • government intervention

Theme 2: The UK economy - performance and policies

This theme focuses on macroeconomic concepts. Students will develop an understanding of:

  • measures of economic performance
  • aggregate demand
  • aggregate supply
  • national income
  • economic growth
  • macroeconomic objectives and policy

Theme 3: Business behaviour and the labour market

This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of:

  • business growth
  • business objectives
  • revenues, costs and profits
  • market structures
  • labour market
  • government intervention

Theme 4: A global perspective

This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of:

  • international economics
  • poverty and inequality
  • emerging and developing economies
  • the financial sector
  • role of the state in the macroeconomy

How is it assessed?

There are three externally assessed papers at A level. Each paper comprises 100 marks and is two hours in duration. Questions range from short answer (including multiple choice), data response and extended open response.

The AS level is embedded in the A level: themes 1 and 2 are the same in both the AS and A level specifications. There are two externally assessed papers at AS level. Each paper comprises 80 marks and is 1.5 hours in duration. Questions range from short answer (including multiple choice), data response and extended open response.

Will I enjoy this course?

You will enjoy this course if you want to study a subject that:

  • Is relevant to the world you live in and your future
  • Focuses on the world of economics
  • Is studied through your own experience, research and investigation, not just classroom work
  • Develops a full range of skills that will be useful in other subjects you study and employment

Where might it lead me?

You might want to continue to study economics or a related subject at university. Employment and university opportunities where your economic skills will be particularly valued include accountancy, law, finance and banking, journalism politics and many more.

How can I find out more? Email tec@blundells.org if you have any questions and would like to know more. Alternatively if you would like to speak to Mr Candler, Mr Wielenga or Ms Turnbull you can find us in the department!