A level Economics provides students with a better understanding of the world around them. Students study fundamental issues such as employment, process, international trade and poverty. These ever changing issues make Economics a dynamic and Interesting subject.
This course provides an introduction to the two main branches of economics: microeconomics (the way in which markets work) and macroeconomics (how economies operate).
Students will learn how to le to manipulate data in a variety of forms and to interpret their results, present arguments and make judgements and justify recommendations on the basis of the available evidence.
Exam Board: AQA
Year 1 Subject Content:
Students will study economics in terms of individuals, firms, markets and market failure within these topics:
- Component 01: Micro economics For this component, micro- economic theories are introduced and applied to the behaviour of economic agents in the real world, especially the theoretical workings of the free market. Exploring imperfections and market failures introduces the merits and drawbacks of government intervention. This encourages students to evaluate the effectiveness of the theories in explaining real-world behaviour.
- Component 02: Macro economics This component introduces the technical and analytical tools required for understanding of how the macro-economy functions on both a domestic and global level, and the potential impacts and limitations of a variety of governmental policies and approaches.
- Component 03: Themes in economics This component draws on the topics covered in the previous two components and applies the content of both, as appropriate, to a specific unseen theme.
Year 2 Subject Content
Students will continue to develop their understanding of the key themes in Economics.
Career Opportunities / Routes
This course supports progression into a varied range of higher education courses and careers. Employment rates for economists are among the highest for graduates. They are likely to find employment in finance, banking, insurance, accountancy, politics, management and consultancy. Many students go on to become professional economists.
Paper 1: Micro economics
Paper 2: Macro economics
Paper 3: Themes in economics