Economics

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Why study Economics?

Economics is a social science which looks at society and the relationships of individuals within it. It is a current affairs subject— so if you have an interest in what is happening in the UK and the wider world then Economics is good choice.

Good general knowledge is essential and a desire to investigate and evaluate will be important in your studies. The skills that you learn will help you with your other A level subjects and when you move to Further education

Our students say…..

‘It’s challenging but really interesting to learn how the economy works and how everything is affected by decisions that are made’ Tom Lyons

‘It’s interesting learning the mechanics of how the world works’ Max Ibbotson

Year 12—AS

Students will be assessed through two examination papers; one paper will examine microeconomic topics such as Demand and Supply, Market Failure and Government Intervention, the second paper will examine Macroeconomic topics such as Economic Growth, Unemployment and Inflation.

Students will gain a range of skills including the ability to analyse issues, use data to support answers and make a supported judgement.

Both exams are worth 50% of the AS grade and are 1 hour 30 minutes in length, they will assess students through multiple choice questions and through a data response section where students will be able to choose between two contexts.

Year 13

Students will sit three exams for the Economics A Level each of which counts equally towards the final grade. Each paper will assess a different part of Economics, paper one will based on Microeconomics and is titled ‘Markets and Market Failure’, paper two will be based on Macroeconomics and is titled ‘National and international economy’ and the third paper assesses both Microeconomics and Macroeconomics and is titled ‘Economic principles and issues’.

At A Level students will answer a range of questions including multiple choice, data response, case study and essay questions.

Current year 13 students

Our current Year 13 students are still working towards the existing specification and they will sit two exams, one based on Microeconomics and one on Macroeconomics. Both papers count equally towards their final grade.

ECON3 is the Microeconomics paper and students will look at topics such as The Growth of firms, Monopolies and Oligopolies and The Labour Market.

ECON4 is the Macroeconomics paper and students look at topics such as The EU, Globalisation, The Economic cycle and Government policy.