The study of Economics is about trying to understand how the world works so we can try to make it a better place. We make decisions everyday about what to buy with our money – how and why? Firms make decisions about what to produce and how to sell it to
us – are they doing it fairly? The Government make decisions about taxes on our incomes and on our spending – is that right? The Monetary committee make decisions about interest rates – does it matter? Should we build more roads?
These and many other situations are there for us to try and understand. In Economics we build models to try to explain how these things work, so we can then try to make them better. Of course, the problem then is, better for whom?
In Economics there are rarely simple, right answers – otherwise why would the politicians disagree so often? The subject is intellectually challenging and equally rewarding, you are even expected to argue with your teacher!
What will I study?
AS (Year 12)
Module 1 – Competitive Markets — How They Work and Why They Fail
Module 2 – Managing the Economy
A2 (Year 13)
Module 3 – Business Economics and Economic Efficiency
Module 4 – The Global Economy
How will I be Assessed?
The course follows the Edexcel syllabus, which consists of the 4 units above, all assessed by external exams.
What does it lead to?
Economics is an important subject in its own right with many applications and implications within modern society. This course is a broad-based modular course that is suited to candidates who wish to study a range of subjects at Higher Education. Traditionally
it is the most common degree held by politicians!