Economics A-Level at Lancaster Royal Grammar School
Why study Economics?
Economics is a long-established discipline, whose relevance to the world of business, government, international relations and academia is widely acknowledged.
Many students find that studying Economics opens up new areas of interest of which they previously had little knowledge. Economics provides a stimulating insight into the way a modern economy functions and also has close links to the political and social process.
Economics combines very well with other subjects; there is no evidence that any one combination is more suitable than another. Economics may be taken with Business and Management as there is very little overlap.
What are lessons like?
Most of the teaching is classroom-based but efforts are made to arrange visits to local firms, to have visiting speakers and to use case studies and computer simulations to widen students’ understanding of the materials. Recent visits have been to Manchester United and a two-day field trip to the City of London.
The study of Economics centres around two main areas: the study of markets and firms, known as micro economics, and the study of the way in which the economy at large works, known as macro economics.
The former involves matters such as how prices are determined and the running of firms from the point of view of costs and revenue. Macro economics examines problems such as unemployment, inflation and balance of payments deficits, as well as topics such as economic growth and government economic policy. It involves not simply a description of what happens, but more importantly, an analysis of certain regular patterns of events and how changes may be brought about.
Economics at AS and A2-level does not require any particular expertise at Mathematics or previous experience of the subject at GCSE. What is required is an active curiosity about current economic affairs and an ability to analyse clearly.
The entry requirement for Year 12 (Lower Sixth) is at least seven Bs or better in the GCSE examinations, including a minimum of a B grade in any subject to be taken. An A grade is required for A-level Mathematics. All applicants need a minimum of a C grade in both English and Mathematics, regardless of the subjects they wish to take.
Please note that at the end of the Lower Sixth, at least three grades at D or above are normally required to ensure progression into the Upper Sixth (Year 13).
We will accept an equivalent level of performance in your country’s exams and will require verification of results by your school. A report supporting your application from your current school will also be very important. Please note that we can only accept overseas students who are UK passport holders.
Most universities offer courses in Economics, either singly or combined with other studies or as a component of Business Studies. Economics graduates are eagerly sought by employers because of the analytical, problem -solving skills and organisational expertise which a study of this discipline provides.
The Bank of England, stock broking, the Civil Service, management consultancies and major national and international companies all employ economics graduates as professional economists and economic advisers.
The service sector, which accounts for the bulk of employment in the British economy, including banking, finance and accountancy and advertising, is also a major employer of our graduates. To any citizen, whatever his specialist career, some understanding of Economics is important and valuable.
How to apply
If you want to apply for this course, you will need to contact Lancaster Royal Grammar School directly.