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Economics AS/A Level at Sheldon School

Course description

Economics studies what is going on around you now. It provides a framework to help you understand who gets what and why. The A level concentrates on how a market economy should work and what happens when it fails. Below are some of the topics you will study and the kinds of questions you will cover.

Economics is divided into four main themes and consists of three externally examined papers.

Course content

Theme 1: Introduction to markets and market failure This theme focuses on microeconomic concepts. Students will develop an understanding of:

  • Nature of economics
  • How markets work
  • Market failures
  • Government intervention

Theme 2: The UK economy - performance and policies This theme focuses on macroeconomic concepts. Students will develop an understanding of:

  • Measures of economic performance
  • Aggregate demand
  • National Income
  • Economic growth
  • Macroeconomic objectives and policies

Theme 3: Business behaviour and the labour market This theme develops the microeconomic concepts introduced in Theme 1 and focuses on business economics. Students will develop an understanding of:

  • Business growth
  • Business objectives
  • Revenues, costs and profits
  • Market structures
  • Labour market
  • Government intervention

Theme 4: A global perspective This theme develops the macroeconomic concepts introduced in Theme 2 and applies these concepts in a global context. Students will develop an understanding of:

  • International economics
  • Poverty and inequality
  • Emerging and developing economies
  • The financial sector
  • Role of the state in the macroeconomy

Entry requirements

Students do not need to have studied Economics at GCSE in order to study the subject at Advanced level. Students should have at least a Grade C in English Language and a B grade in Mathematics at GCSE.

It is also important that students have an interest in current affairs and are willing to follow economic events in the news, and refer to appropriate newspapers and magazines, for example, The Independent, The Times, The Economic Review and The Economist.


A variety of assessment techniques including multiple choice questions, data response problems and essay papers.

Future opportunities

This course will appeal to students who wish to pursue a career in local or central government, Accounting, Finance, Management or an Economics related profession, and who enjoy studying a subject that affects their everyday lives. It is also a very useful subject for those students who wish to keep their options open, since Economics can be combined with a wide range of Science, Social Science and Humanities subjects.

How to apply

If you want to apply for this course, you will need to contact Sheldon School directly.

Last updated date: 28 September 2016

Key information

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