4 in GCSE English Language
4 in GCSE Maths
What will I study
Economics ultimately considers the allocation of society’s scarce resources amongst the many alternative uses to which they could be put. Individuals, firms and governments have to make choices.
You will form opinions on a variety of different issues: should the UK government intervene in markets such as alcohol, energy, transport, housing, education or even mobile phones? What are the best policies for growth? How are we affected by other economies? What goods and services should the government provide?
You will be expected to learn economic concepts and theories and be able to apply these in a variety of contexts whilst considering their value and their limitations. The Global and European Union context is relevant when studying both micro and macro economics.
How will I be assessed?
Three externally assessed units at the end of the two-year A- Level programme. Each unit exam is two hours in length, with questions including short and long answer responses, data analysis and essay questions.
Units 1 & 2 papers consist of data response questions requiring written answers, a choice of one response from two contexts and an essay question chosen from three options. Unit 3 paper consists of multiple choice questions and case study questions requiring written answers.
Is this subject for me?
You don’t need to have studied Economics before but having an interest in politics, world events and history is useful. You will probably be the sort of person who wants to know if economics is a hard science used by bankers to make money. You will be quite good at problem solving and analysing situations. Economics is now a social science of the factors influencing “well-being”. So ultimately economics students investigate and consider all the factors that influence how people can make the very most of their lives!
Where can this lead me?
Economics is well established in higher education and provides opportunities for careers within government and the private sector in areas such as banking, accountancy, management and investment. It is also regarded as being a valuable support in careers such as marketing, law and journalism amongst others. Economics graduates are statistically in the very top earners category 10 years on from graduating; second only to medicine.
What else is there?
You will develop a range of skills relating to, for example; research, analysis, evaluation, communication, working with others and independence. Debating competitions, conferences and off-site visits also make a valuable contribution to learning within this course.