Economics - AS/A2 Level at Thornleigh Salesian College
You may have heard the term "Economics" but may be unsure of what it means. When you read the newspapers or watch television you are presented with economic issues daily. These include issues such as motorway and urban congestion, NHS waiting lists, tropical rainforest destruction, allocation of world cup tickets, search for new energy sources and global economic problems.
The basic economic problem involves limited resources and unlimited demand for those scarce resources.
If it involves money or resources and how to use them, then it is an economic problem.
Micro Economics- Operation of Markets and Market Failure
Students will aquire knowledge and understanding of basic microeconomic models such as demand and supply, the operation of the price mechanism and cause of market failure and apply these to current economic problems and issues. Topics of study include:
- Economic methodology and the economic problem
- Price determination in a competitive market
- Production, costs and revenue
- Competitive and concentrated markets
- The market mechanism, market failure and government interventions in markets
Macro Economics- The National Economy in a Global Context
Students will aquire knowledge and understanding of Aggregate Demand/ Aggregate Supply analysis and will be given the opportunity to use this analysis to explore recent and current economic behaviour. Topics of study include:
- The measurement of macroeconomic performance
- How the macroeconomy works: the circular flow of income, AD/AS analysis, and related concepts
- Economic performance
- Macroeconomic policy
You will require 5 GCSEs at grade C or above including English and Maths as well as C grades in the subjects that you want to study. Many courses do accept students who have not previously studied the subject. To study AS Level Science subjects you will require a minimum combination of GCSE B/B in Core and Additional Science. To study AS Level Maths you will require a minimum of a B grade in Maths GCSE
Following A Level reforms in this subject, from 2015, all exams will need to be taken at the end of the course. AS grades do not contribute to the A Level grade.
There is currently a national shortage of economics graduates. The government is actively encouraging students to take a degree in economics. The following is typical of the work of a professional economist.
Advises companies, financial institutions, & public bodies on economic trends. Carries out research on which to base this advice, analysing economic data, & producing forecasts & reports.
EMPLOYERS: Government Economic Service, Investment banks, Bank of England, insurance companies, stockbrokers. Economic consultancies; think-tanks, e.g. Institute for Fiscal Studies. Manufacturing & commercial companies (usually large multinationals); local authorities; international organisations.
RELATED JOBS: investment banker; financial analyst; accountant; lecturer HE; journalist.
TIPS: Need to show good interpersonal as well as academic skills & to be aware of current events & their economic context or implications - read finance & business pages of the broadsheets.
To find out more about this qualification please attend our Open Evening or contact the college directly via email at firstname.lastname@example.org or by telephone 01204 305172.
How to apply
You can apply for this course through UCAS Progress. Add this course to your favourites so you can start making an application.