Economics

Course summary

Economics is one of the most popular A Level subjects. It is a lively, problem-solving subject that is firmly rooted in the real world. The subject is related to politics so an interest in current affairs is helpful. you will learn about a wide range of contemporary issues that our economy faces such as: Why are women paid on average less than men in the UK? Is Amazon too big? What kind of policies can reduce unemployment in the UK? Why are taxes necessary? Why are some goods taxed and what might the unintended consequences be of such a tax? What is the effect of inflation on the value of our currency and what policies can the government use to control inflation: Why are there rich and poor countries in the world economy? We will provide you with insights into a whole range of interesting and topical issues that are frequently in the news headlines. You will learn economic principles to help you make sense of some complex and controversial issues. A-level students will undertake three examinations each comprising 33.3% of their final grade. The examinations comprise a mixture of multiple-choice questions and essay-based data response questions. Year 12: Students will cover a range of topics including Introduction to Markets and Market Failure. A microeconomic study into how markets function and the purpose for and effectiveness of Government Intervention. The UK Economy - Performance and Policies. An introduction to the macroeconomy, looking at a range of issues from macroeconomic success measures to Government Macroeconomic policy. In Year 13: Students will cover a range of topics including Business Behaviour and the Labour Market. A microeconomic study of different market structures, an explanation for differences in wages and wealth in an economy, an investigation of production for businesses and an examination of the labour market. A Global Perspective. Developing a student's knowledge of the macroeconomic factors influencing an economy, including Globalisation and Financial Markets. Beyond the Classroom.