Economics A level at Luton Sixth Form College
Economics looks at the national and world economy from a range of perspectives – consumers, businesses and Government. It examines how markets allocate resources, and how Government modifies and corrects market forces in a range of areas e.g. through the Minimum Wage or the Single Currency. No previous knowledge of Economics is required.
Students learn through a variety of activities including case studies, discussions, note taking, reading and individual research. Work will be text, number and graph based.
Markets and market failure
- The operation of markets and Market Failure
- The nature of economics
- The way that markets work, how demand and supply allocates our resources
- Why markets sometimes fail
How Governments intervene to alter markets
- The objectives of firms and their costs, revenue and profit
- Different market forms; monopoly; competition and oligopoly
- The Labour market
- Individual economic decision making
- Government policy on competition and market failure
National and international economy
- The national economy in a global context
- Performance of the UK Economy: growth, inflation, unemployment and the balance of payments
- How Government policy works
- Economic management at the economy
- Issues of unemployment and inflation
- The National and International Economy
Economic principles and issues
- Markets and market failure and the national and international economy
To start any AS levels you need to meet the general college entry requirements.In addition you must have GCSE Mathematics grade C and GCSE English grade C.
Exam Board - AQA
Many economics students progress to careers in finance or accounting. It is also excellent for a range of management roles in the private or public sectors. Professional economists are much in demand by major firms as market analysts especially in the City of London. Economics supports progession to a wide range of degree courses, including Economics, Accounting, Business management, History, Geography and Law.
How to apply
If you want to apply for this course, you will need to contact Luton Sixth Form College directly.