Economics A Level at Woodbridge School
- Scarcity and choice
- How competitive markets work
- Competition and power
- Labour market
- Market failure and government intervention
- Economic policy objectives
- Aggregate demand and aggregate supply
- Application of policy instruments
- The global context
- The financial sector
- Themes in economics
Grade B in mathematics and grade B in English language at GCSE or equivalent. There is no requirement to have studied business studies at GCSE.
- Units 1 and 2
- A 2 hour paper comprising of data response questions plus two essays from a choice of four
- Unit 3
- A 2 hour paper that will consist of multiple choice questions and an extended data response question
- Quantitative skills will be 20% of the assessment at A Level
Economics is a subject requiring much logical analysis and is therefore highly favoured by many degree courses such as law, business and management in addition to further study of the discipline itself. There are many and varied careers in which an economics education is useful, such as finance, civil service and local government.
Graduates in economics earn more on average than other graduates. Furthermore, an understanding of resource allocation and the workings of the economic system are essential to modern business. Anyone intending to be involved in management of any size of business should have an insight into economic principles.
There is bound to be a degree of formal teaching in a subject that is new to all students. However, once economic principles have been understood, lessons will frequently involve discussion and application of theory through interactive methods and more formal written questions. It is vital that students think for themselves and practise the application of economic theory to real world issues. The quality press is a vital source of information in a subject that is topical and therefore students are encouraged to read widely. The use of relevant economics and news websites is also actively encouraged.
How to apply
If you want to apply for this course, you will need to contact Woodbridge School directly.