Economics

Economics provides learners with a language that allows them to understand that every decision is an economic decision and that all decisions taken come with a consequence.

Learners will be active economic citizens as they will be given the toolkit needed to explore how financial markets, individuals, the public and private sector are all striving to make the best decisions they can; given that there are infinite wants and finite resources. The knowledge they acquire will allow them to judge the economic choices made by themselves and by other economic agents.

Economics fits well with other social sciences, such as Business, Sociology, Psychology, History, as well as Humanities, such as Geography and Religious Studies.

Economics
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We follow the Edexcel A level specification.

Economics is a very interesting but demanding A-level. You will need to regularly consolidate class learning by reviewing your notes, creating revision resources and flashcards or by watching videos and reading articles. To access the higher marks you will need to use real life examples and situations, you need to keep a scrap book of news articles relating to economic stories from the UK and around the world.

Course content
The course is a 2 Year linear A level course which is formally examined at the end of Year 13. 

Year 12
Introduction to markets and market failure.
 
• Look at different economic structures.
• Price mechanism – drawing supply and demand diagrams and analysing changing equilibria.
• Market failure and government policies to correct or remove the failure.

The UK economy – performance and management.
• Measures of economic performance.
• Investigate the performance of the UK over the last 10 years.
• Economic management to achieve the objectives.
• Understand the response to the Great Depression and the Financial Crisis by the US and the UK governments.


Future Opportunities: Economics provides you with good analytical thinking skills which are sought after by universities and employers.

A minimum of five subjects at grade 4 (or above) including English Language at grade 5 (or above) and Maths at grade 5 (or above).

More information can be found at: https://qualifications.pearson.com/en/qualifications/edexcel-a-levels/economics-a-2015.html