Exam Board: EDEXCEL
Course Outline
We all live in an economy and we are all economists; the only difference is that students of Economics aim to understand how it all works. The study of Economics enables you to understand the world you live in and gives you understanding and skills which you can use throughout your life. It is a multi-faceted subject which will allow you to explore a huge range of issues affecting people’s everyday lives. We study why firms make the choices they do and how consumers react. We question the objectives of our country’s government and its policies, like tackling unemployment or reducing the gap between rich and poor. We challenge our position in the global economy and discuss how the UK interacts with other countries around the world.
Assessment and Examinations
The assessment will be based on 3 papers which will draw on themes from across the units. The weighting between the papers will be 35%, 35%, 30%.
The themes are covered over the 2 year course are:
- Theme 1: Introduction to markets and market failure
- Theme 2: The UK economy- performance and policies
- Theme 3: Business behavior and the labour market
- Theme 4: A global perspective.
Future Prospects
A-level Economics has been identified by Russell Group universities as one of the subjects they consider to be the most valuable when applying for their universities.
As A-level Economics uses a wide range of skills, it is highly valued as a compatible subject within many different degree areas. It is also very beneficial if you wish to continue with Economics, Accounting and Finance at University. Many Economics students have gone onto undertake degrees from various Russell Group Universities