Economics A Level

Departmental contact

Mrs Kirkwood – kirkwood.s@myton.co.uk

Examining board & Qualification

AQA – A LEVEL

Entry requirements

At least a grade 5 in Maths plus a grade 6 in GCSE English. At least a grade 6 or a Distinction (if studying GCSE or Level 2 BTEC Business)

Students say

“I love how the subject applies to real life.”

“It has real life application. You learn about current events and things on the news.”

“Gives you an insight into the real world that other subjects do not.”

“Helps you understand why governments, people and business act the way they do.”

WHY STUDY THIS SUBJECT?

Students who take Economics often also study Business, Mathematics, Geography, History, Politics, Philosophy and Languages.

Of course an A level in Economics will help you to get into university or college. Economics is a versatile subject that can help you in a number of careers. Not only could you find yourself working for big corporations, banks or the government but your qualification in economics could also be valuable support in a career like marketing, law, journalism or teaching.

WHAT SKILLS WILL I DEVELOP?

Economics helps develop a number of personal skills:

  • Research, analysis and evaluation
  • Communication
  • Working with others to discuss economic issues and solve economic problems

WHAT WILL I STUDY?

YEAR 12

In Year 12 you’ll focus on both Microeconomics and Macroeconomics.

The operation of markets

  • The economic problem and economic methodology
  • Price determination in a competitive market
  • Production, costs and revenue
  • Competitive and concentrated markets
  • The market mechanism, market failure and government intervention in markets

The national economy in a global context

  • Measurement of macroeconomic performance
  • How the macro economy works: the circular flow of income, AD/AS analysis and related concepts
  • Economic performance
  • Macroeconomic policy

YEAR 13

Building on the topics covered in the first year, students study:

Individuals, firms, markets and market failure

  • Individual economic decision making
  • Production costs and revenue
  • Perfect competition, imperfectly competitive markets and monopoly
  • The labour market
  • The distribution of income and wealth: poverty and inequality
  • The market mechanism, market failure and government intervention in markets

The national and international economy

  • The measurement of macroeconomic performance
  • How the macroeconomy works: the circular flow of income, AD/AS analysis and related concepts
  • Economic performance
  • Financial markets and monetary policy
  • Fiscal policy and supply-side policies
  • The international economy

HOW WILL I BE ASSESSED?

3 exams of 2 hours each in June of Year 13.

WHAT ARE MY POST-18 OPTIONS?

This A Level will get you started in business and give you the skills and knowledge to progress to higher education. You could work for a corporation, or maybe a management consultancy.

WHAT EXTRA-CURRICULAR OPPORTUNITIES ARE THERE?

  • Lead Learner
  • Enterprise and Business Courses
  • Business Visits and Seminars

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