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Economics

 Exam Type:   Linear 2 year A-Level

Exam Board: AQA

Course Requirements:

It is expected that students have obtained a Grade 6 in Mathematics to cope successfully with the mathematical aspects of the course. The course provides a smooth transition from GCSE Business Studies to A Level, but GCSE Business Studies is not necessary to take this subject at this level. It is expected that students who have already studied Business at GCSE have obtained at least a Grade 6.

Why Study Economics?

  • Economics is one of the broadest and most challenging subjects offered at A-level. It is embedded in the fabric of society and economic issues are discussed in the media every day. As such, the content and learning in economics will be considered using real world examples, which is why a wider reading and knowledge of current affairs is so important for all economics students. Students are expected to keep up to date with contemporary issues through regular reading of economic press reports in local and national newspapers, apps and magazines such as The Economist Magazine as well as being actively engaged in the reading of financial literature.

A Level Economics

  • AQA Economics (7136) covers macroeconomic issues such as employment, inflation, economic growth and the United Kingdom’s international trade position. Furthermore, students will explore microeconomic content such as supply and demand, market failure, government intervention, elasticity, market structure and economic decision making.

 Assessment

  • All economics papers are a two hour written external assessment worth 33.3% of the final Grade.
  • Paper 1: Markets and market failure
  • Paper 2: National and international economy
  • Paper 3: Economic principles and issues coverall all the content in Paper 1 & Paper 2

Complementary Subjects

  • Popular and useful subject combinations that work well with Economics at A-level include: Mathematics, Accounting, History, Government and Politics, Geography and English Literature.

What can economics lead to?

  • Economics is highly respected as an A-level by universities for all sorts of courses. They know that if people have done well in Economics they will be equipped with a great deal of knowledge and skills such as attention to detail, analysis, economic modelling and evaluation, attributes that often lead students to careers in banking, accounting, actuary work, finance, politics or providing economic advice to private companies and the public sector.

Should students be considering studying a degree in Economics it is highly recommended that Mathematics is studied alongside this A level.