Why should I study Economics?
Why should I study this subject?
There has never been a better time to study this subject. People, businesses and governments are constantly making economic decisions which affect all our living standards. Individuals choose whether to go to go to university or directly into employment. Businesses choose whether to expand into new markets. Governments choose whether to spend more on areas like education, health and housing. Economics explains how such decisions are made and how problems like unemployment and inflation may arise and be solved. It is a rewarding, interesting and respected subject which focuses on current issues like the financial crisis, environment and globalisation. It will appeal to anyone interested in the welfare of their own society.
What will I study?
Year 12 topics
- Individuals, firms, markets & market failure
- How individuals make economic decisions
- Prices in competitive markets
- Business economics
- Distribution of income and wealth: poverty and inequality
- Government intervention in markets
- Developments in the national and international economy
- Government policies
- Economic growth and development
Year 13 topics develop these themes to a higher level including
- Behavioural economics
- Banking and financial markets
- The challenges of globalisation.
What are the entry requirements?
Level 5 English Language and Level 6 Maths with a minimum average GCSE point score of 4.8.
What skills do I need?
High level numeracy and data handling skills. Critical approach to applying theory. Ability to assess evidence and present reasoned arguments.
How will I be taught?
Each unit will be based on a task-oriented workbook but there will be opportunities for group work, discussions, individual research and presentations. You will be expected to follow current economic news through our website and use online resources outside of the lessons.
How will I be assessed?
Each unit is assessed by means of exams with no coursework. In the exams you will answer a combination of stimulus data response, numerical data and other structured questions including extended writing and essays.
What will the course prepare me for?
There are a lot of doors opened from studying A level Economics, with great university choices as well as career options in banking, financial services, journalism, management, public policy, teaching and research.
How much private study should I expect to do?
At least 4 hours per week.
What materials will I need to purchase?
Your own pens, paper and folders. You will also need a calculator for data work.
What is the exam board?
This subject is for you if…
you have an interest in what is happening in the economy and can understand data and graphs.
This subject is not for you if…
you dislike current affairs and formal exams with essay-style questions and diagrams.
“The study of Economics has developed my understanding of current affairs as well as the implications that events and policies have on the UK economy.” Lachlan Currie—Brayton High School
“Economics is a fantastic and very interesting subject which will test your ability to understand current affairs which affect our everyday lives.” Ben Nutt – Kettlethorpe High School