A Level Economics

Economics affects everything around us, from the price we pay for a loaf of bread to the likelihood of people we know being in work.

The global economic crisis of recent years has brought sharply into focus just how dependent the people of the world are on each other for resources and trade.

Economics helps us to answer big questions like who will the global super powers be in 20 years’ time, what industries will fail or thrive and what Governments need to do to secure their country’s position in the global economy. If you enjoy learning about current and world affairs, analysing problems and debating issues, this course is for you.

We will cover:

The operation of markets and market failure:

You will acquire knowledge and understanding of a selection of microeconomic models in order to apply these into current problems and issues. Microeconomics is the branch of the subject that studies the decision-making process of individuals and organisation of people, who may be involved in different contexts or markets.

The national economy in a global context:

You will develop and deploy skills to look at a selection of macroeconomic models. This is the other main branch that deals with the economy as a whole.

Individuals, firms, markets and market failure:

An extension of 'the operation of markets and market failure’ that revisits some already taught topics, such as market mechanism and its different versions. However, this third section also introduces new topics such as the distribution of income and health, the labour market and individual economic decision making.

The national and international economy:

This fourth and final block of this A Level delves deeper into the introduction to macroeconomics covered during the first year. We’ll focus on the international economy and the global financial markets.

You will study this course alongside 2 or 3 other A Levels and you will be able to select your chosen subjects when you apply online.

Other A Level subjects which complement Economics include:

• Business
• History
• Law
• Politics
• Mathematics - preferably 'pure' than 'core' because algebra, calculus and statistics facilitate a deeper understanding and application of the subject.