Course Live_AC_paperturn-3 - Flipbook - Page 24
ECONOMICS
A Level
You will look at markets that work and ones that don’t work, some markets
work well, for instance the mobile phone market, others don’t like the market
for tobacco or gambling. You will look at bigger national issues in macro, like
inflation, unemployment and the standard of living. You will also investigate
some of the major international issues that we face, like environmental damage,
international development, globalisation and trade. You will look behind some
of the headlines and slogans about things like inequality, migration and our
relationship with Europe. Economics uses models and theories to help us
to understand these problems. To succeed in economics, you will need a
combination of logical reasoning skills and the ability to read material and
synthesise meaning from the material. It is probably true to say that after having
studied economics for A Level, you will have a different view of the world that
we live in, the problems that we face and their possible solutions.
COURSE CONTENT
YEAR 1
• Measures of economic performance
• Management of the economy
• Conflicts in economics
• How markets work (supply & demand)
• Market failure
• Solutions to market failure (eg taxation &
nationalisation)
YEAR 2
• Further study on management
• International trade
• Exchange rate systems
• Growth & development
• The theory of the firm
• Labour markets
• In depth study of market failure
• Financial markets & monetary policy
• Commercial banks & investment banks
• Central banks & monetary policy
• Regulation of the financial system
CAREER PATHWAYS
Students progress to degree courses in
Economics, Business Studies, Politics and
many other subjects. Economics can lead
to careers in journalism, business and law.
ENTRY REQUIREMENTS
TRANSFERABLE SKILLS
Standard Advanced Level entry
requirements
Plus
Grade 5 in GCSE Maths
Grade 4 in GCSE English Language
Reasoning and analytical skills; the ability to
abstract important information from material,
both written and numerical; evaluative skills;
the ability to critically analyse situations.
ASSESSMENT
Trips are arranged, for example to the Bank
of England, New York, The Economist and
London.
100% exam
VA R N D E A N S I X T H F O R M C O L L E G E 2 0 2 6
OTHER INFORMATION
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