A Level Economics

Economics teaches how to think logically and use theories to understand how economies work. At the center of the subject is the question of how we divide up our scarce resources, and how these decisions affect us all – in other words who gets what and why? It is the study of our society, as well as the activities of various groups and institutions within it. This means studying the private sector and the effects of competition and then comparing this with the public provision. You will explore the world of Economic and financial issues in a highly practical way throughout this course

Entry Requirements: GCSE grade 5 across subjects including English. GCSE grade 6 Maths.

Specification: https://www.ocr.org.uk/qualifications/as-and-a-level/economics-h060-h460-from-2019/

Below are additional resources and a transition task to help prepare you for A level Economics at Cowes Sixth Form:

Economics Bridging Task

• Consider the current crisis and make notes on the effects it is having on both individuals and firms to show the real world links between society, politics and economics

• Research and make notes on the methods adopted by government, the Bank of England and commercial banks to alleviate the dramatic economic effects of the crisis to support both individuals as consumers and employees and firms.

Further Questions:

1. What is the basic economic problem?

2. How are prices determined?

3. Why is a growing economy important to average living standards?

4. What is the distinction between micro and macro economics

5. What is the role of money?

Further research:

Videos all on youtube:

• What is economics –Word Glossary

• Intro to Economics: Crash course Econ#1

• What is economics - The Economics Detectives

• What is economics and what do economists do? – sesync Annapolis

• What is Economics all about? – Edufyy revision

• Why economics is important – Shay Nguyen

• Supply and demand: crash course economics#4