Economics

Course summary

The A‐level course aims to develop an understanding of economic theories through a critical consideration of current economic issues, problems and institutions that affect everyday life. The student will apply economic concepts and theories in a range of contexts which aim to give them an appreciation of real-world phenomena. The student will also analyse and evaluate the strengths and weaknesses of the market economy and the role of government in it. Economics is closely related to politics. To have a good grasp of how economies function, it also helps to be able to see economic problems in their historical context and how economic ideas have developed over time. For this reason, economics is closely related to history. Other subjects that are closely related to economics include business studies, psychology and maths. Apart from banking, the civil service also recruits many economists. Economics graduates may go on to specialise in a specific branch of their discipline, such as agriculture or industry, but many are sought by insurance companies and the wider financial and business services sector.