There are two broad areas within Economics: Firstly, microeconomics looks at the choices and behaviour of different economic agents such as consumers and firms and how they respond to incentives, including ways in which governments can alter those incentives to change behaviour. Secondly, macroeconomics looks at many of the big issues that dominate news coverage of economics such as the threat of recession and rising unemployment, the drive for greater economic growth, or the impact of the rising cost of living.
Entry requirements
To study at RSFC, you must have achieved a minimum of five GCSEs or equivalent at grade 4 or above across four separate subjects, including GCSE Mathematics and/or English Language. In addition, a grade 5 or above is required in GCSE Mathematics and a grade 4 or above in GCSE English Language.
Why study this course?
In addition to providing the knowledge to help you understand a complicated world, this subject enables you to develop a wide range of skills highly sought after by universities and employers. These include the interpretation and analysis of data, building logical chains of reasoning and developing sound judgement based on available evidence.
What can you expect from A level Economics?
Economics offers you the opportunity to try to make sense of the factors that shape many aspects of our daily lives, from the price of the goods we buy, the taxes we pay, and the jobs that we do, to trends in globalisation and international trade. We’ll look at the ideas of great thinkers (both historic and contemporary) and seek to apply them to real events from the past, present and future.
KEY TOPICS - YEAR 1
• Supply, demand and markets
• Market failure and government intervention
• Measuring economic performance
• Government economic policy
KEY TOPICS - YEAR 2
• Theory of the firm and market structures
• Labour markets
• Poverty and inequality
• Banking and the financial system
• Exchange rates and international trade
What can I do with a qualification in Economics?
Successful students would be welcomed onto a wide range of degree courses, in both Economics itself and related subject areas, such as Accountancy and Finance, or Business and Politics. Studies consistently show that Economics graduates are among the highest paid. Career options are varied and include the civil service, banking and finance, marketing, business management and education.
How is this course assessed?
You will complete three examinations at the end of the two-year course, including multiple choice, data response and essay questions.
Who is this course for?
If you take an interest in current affairs, you will find Economics challenges your pre-conceptions and encourages you to appreciate differing points of view in light of concrete evidence.
