Economics
Head of Department: Mrs K Dennan
Awarding Body: Edexcel
Entry Requirements: GCSE Grade 6 or above in Maths
Course Description
Economics develops the ability to think logically and to use theories to understand how economies operate. At the centre of the subject is the question of how we divide up our scarce resources and how decisions resulting from this affect us all – in other words who gets what and why? For example, how did we get into the position where Bill Gates’ personal fortune is worth the entire GDP output of Africa? More importantly – how can we solve problems like this? You will develop an understanding of economic concepts and theories through a critical consideration of current economic issues. You will apply economic concepts and theories using a range of contexts and to appreciate their value and limitations in explaining real-world phenomena and you will learn to appreciate the importance and complexity of contemporary economic issues in the local, national and global economy.
You will be assessed on three broad areas of study through three written exams at the end of Year 13. These areas consist of Microeconomics, Macroeconomics and Trade and Development. You will be assessed in a variety of ways including short answer data response questions, case study analysis and essays testing evaluation skills.
Skills
A-level Economics requires a reasonable level of numeracy and literacy. You are asked to not only draw on data to make assumptions but to explain these too. The ability to see how one economic policy (e.g. inflation) may affect another (e.g. employment) is paramount. During the course, students will be expected to collate and use information from many sources including text books, quality newspapers, the internet and their own experiences - for example as an employee or consumer.
Economics will combine well with most other A-level subjects, including social sciences, arts, humanities and maths. Students often take both Business and Economics as they do complement each other.
Progression
Further study: Students who study Economics go on to university to further their study of the subject or combine it with Business Management or Finance.
Careers: Many economists find themselves working in the financial sector or in business management.