Economics

Economics at A Level is a rigorous, highly respected subject. It is not essential to have studied Economics at GCSE. An interest in the UK and global economy is vital. With economic issues top of the agenda in the UK, EU and the wider world, it is an exciting time to be studying this subject. We cover both microeconomics (individual markets such as oil) and macro-economics (the national economy). You will learn to analyse and evaluate topics such as market forces, competition, the power of large companies, labour markets, externalities, behavioural economics, economic growth, unemployment, inflation, financial markets, Europe and globalisation.

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Course Information

Course Name:	Economics
Course Type:	A Level
Examination/Coursework:	100% examination
Exam Board:	AQA
Entrance Criteria:	Standard Sixth Form entry plus Grade 6 in GCSE Economics. If you have not studied GCSE Economics, entry will require a minimum of Grade 6 in GCSE Maths
Topics & Areas Covered:	Individuals, firms, markets and market failure: Economic methodology and the economic problem Individual economic decision making Price determination in a competitive market Production, costs and revenue Competitive and concentrated markets The labour market The distribution of income and wealth: poverty and inequality The market mechanism, market failure and government intervention in markets The national and international economy: The measurement of macroeconomic performance How the macro-economy works: the circular flow of income, AD/AS analysis, and related concepts Economic performance (Economic growth, unemployment, inflation/deflation, the Balance of payments on the Current Account) Financial markets and monetary policy Fiscal and supply-side policies The international economy
Career Pathways:	Economics provides a strong grounding for the following areas: Professional Economist Management Consultant Banking and Finance Teacher Politician Market analyst Journalist
Additional Information:	It is recommended that students consider studying A level Mathematics in addition to Economics, as Mathematics A Level is required by some (but not all) universities when applying for Economics courses.
AS/A-Level:	This course can be studied as an AS Level.