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Economics AS/A2 Level at The Helena Romanes School and Sixth Form Centre

Course description

 

Economics is a rigorous subject but rewards endeavour as we investigate the fundamental forces which affect our lives, such as employment, prices, international trade and poverty. It is fascinating because it includes the study of how people behave and interact with each other.

The dynamic between consumers, manufacturers and government makes economics a vibrant area of study. Economists are often in healthy debate with each other. It is this controversy which makes Economics lively and interesting and which allows you the opportunity to make your own judgements and to form your own opinions.

Why is there a Congestion Charge to drive into central London? Is it the best way to deal with congestion and climate change? Why has the credit crunch in the USA had worldwide consequences? Why are house prices so high in the south-east of England? Why does the Bank of England change interest rates?

Why is Yaya Toure paid £millions whilst our soldiers facing mortal danger in Afghanistan get just £thousands? Should we join the Euro? Why don’t hairdressing businesses make fortunes? These and many other current issues are the absorbing stuff of Economics.

Methods of study are varied. They include ‘traditional’ teacher-led lessons, group work, discussion of newspaper articles, case studies, numerical and graphical work. Economics complements many other subjects, both arts and sciences.

 

Course content

 

Theme 1

Markets, consumers and firms

  • Scarcity, choice and potential conflicts
  • Enterprise, business and the economy
  • Introducing the market
  • The role of credit in the economy
  • Market failure and government intervention

 

Theme 2

The wider economic environment

  • Business growth and competitive advantage
  • Firms, consumers and elasticities of demand
  • Productive efficiency
  • Life in a global economy
  • The economic cycle
  • Introduction to macroeconomic policy

 

Theme 3

The global economy

  • Globalisation
  • Economic factors in business expansion
  • Impact of globalisation on global companies
  • Impact of globalisation on local and national economies
  • Global labour markets
  • Inequality and redistribution
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Theme 4

Making markets work

  • Competition and market power
  • Market power and market failure
  • Market failure across the economy
  • Macroeconomic policies and impact on firms and individuals
  • Risk and the financial sector

 

Entry requirements

 

In order to study Economics at A Level you must have at least 5 GCSEs A* - C. To study this subject you must achieve English grade B (either English) and Maths grade C.

 

Assessment

Assessment is through a variety of multiple choice, data response and essay questions.

Future opportunities

 

 

Ex-students have gone on to work in the City of London, Banking, Accountancy, Administration, Local Government, Journalism and the wide field of Management.

 

How to apply

If you want to apply for this course, you will need to contact The Helena Romanes School and Sixth Form Centre directly.

Last updated date: 05 May 2015
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Key information

  • Start date: Next September
  • Duration: 1 - 2 Years

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