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?
Why study this course?
In addition to 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?
This subject offers you the opportunity to try and make sense of events that shape our daily lives. We’ll look at why it is so difficult to pay ‘the right price’ for a car and we’ll examine the impact of the UK’s decision to leave the European Union. We’ll look at the ideas of great thinkers (both historic and contemporary) and seek to apply them to real events from the past, in the present and potentially in the future.
How is the 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 enjoy economics as it challenges your pre-conceptions and encourages you to appreciate differing points of view in light of concrete evidence.
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.
"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."
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 subjectEconomics 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.
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For September 2021GO! GO! GO!
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