Economics involves choices and their impacts. It’s relevant to all life aspects, from individual decisions to government and firm structures. Issues such as the global financial crisis, international trade, global warming, sustainable development and inequalities are addressed by economics to provide global solutions. The course will explore the economic problem of limited resources, market operations, market failure, and price determination in competitive and concentrated markets.
This course is an award of AQA. Read the course specification.
GCSE Grade 5 or above in English Language and Mathematics.
You will develop a critical approach to economic models and methods of enquiry and will discuss government intervention into the market. You will also analyse the macroeconomic performance of national economy by measures such as: GDP, inflation, unemployment and the balance of payments (international trade) in a global context. You will gain a good knowledge of developments in the UK economy and government policies over the past 15 years.
You will learn through a variety of methods such as: case studies, activities, group work, lectures, debates, focus groups, multimedia, virtual learning environments and individual study. Question papers use a variety of assessment styles including real-life case studies and data exercises.
A Level Economics is assessed at the end of the second year by examination over three two-hour papers.
Higher Education courses are available at many universities. A degree in Economics provides a wide array of both subject-specific and transferable skills, all of which are highly sought after by employers. Jobs directly related to an Economics degree include: stock market trader, chartered certified accountant, chartered public finance accountant, economist, financial risk analyst, investment analyst, statistician, actuary, civil service fast streamer, diplomatic services operational officer, local government officer, management consultant and quantity surveyor.
Meet the A Level expert
Daniel has a BA (Hons) Business – Advertising and Marketing Degree, an MSc Economics and a PGCE in Business Education.
Daniel said: “Economics is a dynamic and instrumental field that influences nearly every aspect of our daily lives. Exploring scarcity, choice, and resource allocation, to shaping government policies, and understanding global market. Economics teaches you the tools to understand complex economic systems, both on micro and macro level. The subject will provide you with invaluable insights into how societies function and evolve – it’s constantly changing! You will come away with strong analytical and problem-solving skills, as well as the business acumen necessary to succeed in the professional world.”
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