Economics

Course summary

A-level Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of people in the economy. You will develop an understanding of the economic problems which face individuals, firms and governments on a local, national and global level and the alternative ways these problems can be resolved. You will investigate microeconomic topics such as how individual decisions impact economic outcomes, the importance of competition,how markets operate and why they fail and how the distribution of income and wealth is affected. You will also learn about macroeconomics, looking at the ‘big picture’ of how our national economy fits into the global context, the global impact of financial markets and monetary policy and the operation of the international economy.