A Level in Economics
Exam Board: Edexcel
Will the course suit me?
Economics is about choice and the impact of our choices on each other. It relates to every aspect of our lives; from the decisions we make as individuals or families to the structures created by governments and firms. In essence, Economics studies how scarce resources can best be allocated in our ever-changing world. From that simple, yet vital, issue flows the body of economic thought.
Economics is increasing popular in the Sixth Form. Its principles provide unparalleled analytical tools to interpret the world around us and to shine a light on all of the great challenges that face humanity – how to grow economies, tackle unemployment, grapple with environmental issues, reduce crime and even understand demographic change. If you are interested in current affairs, politics, history, business or finance, economics is the subject for you.
Course description
The course is split between microeconomics and macroeconomics and is studied via four broad themes. Theme 1 and Theme 3 introduce microeconomics theory, which is applied to the behaviour of consumers and firms. Theme 2 and Theme 4 introduce macroeconomics theory, which looks at the behaviour of governments and economies as a whole.
Benefits of the course
Economics instils a broad range of highly transferable skills, from learning to read data effectively, to avoiding ‘fake news’, to constructing a coherent argument based on potentially conflicting pieces of evidence. You will learn how to analyse complex situations and structure arguments in a focused and effective manner. Your thinking will become disciplined and sharp.
Outside of the classroom
Students have the opportunity to join our economics society, enter prestigious competitions run by the Financial Times and the Royal Economics Society. Study visits to the City of London and the Bank of England and the BMW Oxford Mini plant, enable students to related economic theory to the real world.
Future opportunities
Many of our students progress to Economic and Business related degrees at UK and international universities.
Course overview and Assessment
Introduction to markets and market failure
· how markets work
· market failure
· government intervention.
The UK economy – performance and policies
· aggregate demand
· aggregate supply
· national income
· economic growth
· macroeconomic objectives and policy.
Business behaviour and the labour market
· business objectives
· revenues, costs and profits
· market structures
· labour market
A global perspective
· poverty and inequality
· emerging and developing economies
· the financial sector
· role of the state in the macroeconomy.
If you have any queries about this course, please contact Head of Department: Peter Rowley
To apply for our Sixth Form, please see our Admissions page.
Take the next step by selecting an option below, or if you want to drop us a quick message, you can do so with the form.
Δ