Economics

Why Study Economics? 

The pound’s getting weaker. Is that good or bad? The Bank of England target for inflation is 2%, so how is it that this figure is so hard to maintain? And why do we want inflation anyway? If prices go up, why can’t we have wage increases to match? 

Should we care about BREXIT? Why don’t ‘THEY’ spend more money on education and health care? Who are ‘THEY’ and where do they get their money from? How do you put a cost on the environmental impact of economic activity? What has influenced Tesco’s to open ‘Jack’s’ and how do firms behave when under the threat of competition? How can we continue to meet ever increasing wants and needs from finite economic resources? 

Will studying Economics mean I will earn more money? 

If you are interested in discovering the answers to these and many more questions, then A Level Economics is for you. Gone are the days when Economics was a dry, theoretical subject, Economics is a live, ever changing subject that explores the world around us. Without a knowledge of Economics, how can you understand what is being reported in the news or trust what politicians are telling you? Coming out of the 2009 financial crisis has been a long, slow haul for the UK economy. Now we are facing the challenges posed by BREXIT. If you want to understand what is happening in the economy, then A Level Economics is a great place to start. And yes, studying Economics has been shown to lead to higher earnings (a number of reports show that Economics graduates earn more than other students, although we can’t guarantee you’ll be a millionaire!). Whilst Economics isn’t a facilitating subject as it is not specifically required for entry to degree courses, it is recognised by universities as a subject which provides ‘suitable preparation for entry to university’, Russel Group Informed Choices. Economics fits particularly well with Maths, Politics and Geography. 

What Does The Course Involve? 

You will study a broad range of topics, from the basic economic problem of how we meet ever increasing wants and needs from finite resources, to how to control the economy through monetary and fiscal policy. Economics is broken down into two sub topics; macro and micro economics. Macro looks at the economy as a whole, for example, how the government and Bank of England use monetary and fiscal policy to create the right environment for firms to operate. Micro economics considers the way that firms behave. You will need strong mathematical skills and a good sense of logic. Intensive study workshop visits will equip you to achieve your full potential in your final exams.  

How Will I Be Assessed?  

Exam board: tbc. 100% exam based.3 x 2 hour papers. 

Leading To A Career In? 

Economics will open doors to a wide range of university degree courses and careers. Former Economics students have gone on to study: Accounting, Business Management, Economics, History, Construction Management, Politics, Social Policy, and even Dentistry! 

Economics could lead you to a career in finance, the City, stockbroking, currency trading, fund management, central and local government planning, charity management, education and management.  

What Are The Entry Requirements? 

5 x GCSE at grade 5 or above, including 5 in English and 6 in Maths. You do not need to have studied Business previously but, where you have, you should have achieved GCSE Grade 6 or CNAT Level 2 Merit. All students will be required to sit and pass a numeracy test at the start of Year 12.