Why choose A level economics?
Economics has become high profile. The credit crunch, bankers’ bonuses and fears of a Euro meltdown post-Brexit are just three topics rarely out of the news in recent years, throwing a light on the importance of, and divisions within, the discipline. Economics is an important subject as it is looked on favourably by employees for the transferable skills it provides such as analysis and evaluation. The topics studied are both interesting and enjoyed by students due to the dynamic nature of the course.
Course type: A Level
Board: AQA
Entry requirements: GCSE grade 5 in English language and maths
| Unit | Assessment |
| 1. The operation of markets and market failure (microeconomics) the economic problem, price determination, production, costs and revenue, competitive and concentrated markets, market mechanism, market failure, government intervention in markets | formal examination |
| 2. The national economy (macroeconomics) macroeconomic performance, how the macroeconomy works, circular flow of income, aggregate demand (ad) and aggregate supply (as), economic performance, macroeconomic policy | formal examination |
| 3. Individuals, firms, markets and market failure individual economic decision making, perfect competition and monopoly, imperfect competition, labour market, distribution of income and wealth, poverty and inequality | formal examination |
| 4. The national and international economy financial markets and monetary policy, fiscal policy, supply-side policies, the international economy | formal examination |
What doors does this open up for me?
This course gives a good foundation for higher education or employment opportunities in the business and finance sector. However, the skills of analysis and evaluation developed during the course will be valuable for any future routes.
