What is A level Economics?

There are two modules on the economics course: Macroeconomics: Macroeconomics tries to cover big issues that we typically see mentioned in the news. For example, why do recessions keep happening? How is unemployment measured? Why does inflation occur? What is Brexit? Where does money on a screen actually come from? How do we maximise health, wealth and happiness? Microeconomics: Microeconomics looks at incentives. Why do individuals, groups and businesses do what they do? What problems arise? How can these problems be addressed?

Entry requirements

5 GCSEs at grades 4 – 9, across four separate subjects, to include GCSE Mathematics and/or English/English Language. In addition, a grade 5 or above is required in Mathematics.

Subject leader

Rob Barnes

"Studying economics at RSFC has been an enjoyable experience. The lessons are very engaging with the two splits of economics (microeconomics and macroeconomics) being covered in great depth. My favourite economics lessons involved market failure within microeconomics and different ways to correct failures in markets such as in transport. I would highly recommend picking economics at A level as it develops critical thinking skills and is ultimately rewarding."

Leo Abraham

What will I study?

YEAR 1 Supply, demand and markets Market failure and government intervention Measuring economic performance – inflation, unemployment etc. Government economic policy YEAR 2 Theory of the firm and market structures Labour markets Poverty and inequality Banking and the financial system Exchange rates and international trade

Additional activities with this subject

Economics students have the opportunity to participate in competitions such as the Investor Challenge, The Bank of England and The Times 2.0 challenge and the ICAEW BASE competition.


For September 2021


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