In Theme 1 and Theme 2 you will be introduced to the nature of economics, how markets work and why they fail. You will also consider the role of government and the UK economy. In Theme 3 and Theme 4 you will explore how businesses grow and compete, the labour market and how the government intervenes to make markets work better. You will also explore international trade, inequality within and between countries, emerging and developing economies and the public finances. You will also have an opportunity to consider the role and impact of the financial sector.
Assessment
Paper 1 - Markets and business behaviour (35% of overall A Level mark)
Paper 2 - The national and global economy (35% of overall A Level mark)
Paper 3 - Micro-economics and macro-economics (30% of overall A Level mark)
Progression
Economics is viewed very favourably by universities and is seen as a facilitating subject for access onto a very wide range of degree courses. The majority of students go on to further study of Economics, but often do so in combination with subjects such as Philosophy, Management, Psychology, Finance or Geography. Studying economics will help you develop transferable skills that will prepare you for studying at university or moving into the world of work. These include skills in data interpretation and essay writing. Economics students can follow a wide range of careers in industry, commerce, finance, government or journalism.