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Welcome to A Level Economics
Welcome to A Level Economics
Introduction
The number of students choosing to study the subject of Economics has grown considerably over the past 3 years. It is a popular subject for those students wanting to study Economics, Finance, Business or Politics at University, which is the route that many previous A Level Economics students have gone into.
As the subject of Economics is not offered at GCSE level many students will not have any experience of it and the misconception is that it is about money, which is not correct. The subject encompasses a wide range of topics that cover financial, political and sociological elements that are interlinked throughout the course, and because of this it fits well with A Level Business, Politics, Maths and Geography.
It is important that you take in an interest in news and media articles from sources such as:
BBC – https://www.bbc.co.uk/news/business/economy
Financial Times - https://www.ft.com/
The Guardian - https://www.theguardian.com/uk/business
Lessons generally start with an economic update on a national and international basis, covering news items and articles. To be involved you need to know what is going on around you!
Lessons generally start with an economic update on a national and international basis, covering news items and articles. To be involved you need to know what is going on around you!
Course Content
Course Content
The course is split into themes that include macro and microeconomics separately; with the basic underpinning knowledge covered in year 1 and the more detailed knowledge covered in year 2.
Theme 1: microeconomic concepts
nature of economics
how markets work
market failure
government intervention
Theme 2: macroeconomic concepts
measures of economic performance
aggregate demand
aggregate supply
national income
economic growth
macroeconomic objectives and policy
Assessment
Assessment
Final assessments for the course will be at the end of the second academic year in the form of 3, 2-hour, external exams that equate to 100 marks each.
Paper 1 – Market and Business Behaviour; focuses on the micro criteria for themes 1 & 3
Paper 2 – The National and Global Economy; focuses on the macro criteria for themes 2 & 4
Paper 3 – Microeconomics and Macroeconomics; any topics within the specification will be assessed.
In order to prepare you for these exams a range of assessments are completed in class regularly, with individual progress and grades monitored so that you are constantly making progress towards achieving the best possible outcome for the external assessments.
Preparation for Year12 study
Preparation for Year12 study
Use the following links to gain a better understanding of the subject and complete interactive exercises:
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