The course will give students an opportunity to look at how markets work as well as looking at the relationships between macro and microeconomics and how they influence local, national and global economies. You will gain greater knowledge of the economic problems that are faced by individuals, companies and the government and look at the way these problems can be tackled.
Students will spend time working with numbers and should be confident with their Maths. It is recommended that students have at least a Grade 5 in Maths to manage on the course.
Students will need a scientific calculator for the course.
You should possess good analytical skills and be comfortable working with numbers. You will also need to be confident writing long essay style answers when dealing with case studies and to communicate your opinions and decisions both verbally and on the page. Finally, you will need to be able to think logically and critically throughout the course and be able to make informed decisions based on surrounding evidence.
The course is assessed by 3 exams at the end of Year 13, each equally weighted. Paper 1 covers Markets, Paper 2 covers National and International Economy and Paper 3 covers Economic Principles and Values. Paper 3 is also made up of multiple choice questions and a single case study. All 3 of the exams are 2 hours long.
Students may wish to pick Economics if they wish to directly study accountancy, banking or finance. The course will stand you in good stead by giving you an insight and understanding of the economics forces that impact your day to day activities. Economics is a highly desirable A level and in an ever changing and developing world both universities and employers will be looking for young people who know how the finances of the world run.
WHAT DO OUR STUDENTS SAY:
This course is new for 2021.