Economics A Level at Tudor Grange Academy
Students will gain an understanding of the two core strands of Economics:
Microeconomics – small decisions made by firms and consumers
Macroeconomics – global decisions made by governments and nations
What will I be covering in the course in Year 12?
The first year serves as an introduction to each strand putting into place the foundation theories of each to be built upon in the second year.
In the microeconomic component, students will learn how markets such as the hosuing market, health service and education are monitored and controlled for maximum effiency, the impact of recent prodcut releases such as Apple products on industries, the impact of change in markets and how they impact upon the main firms such as the recent VW emissions scandal, and the role of government in monitoring consumption of "negative" goods such as alcholo and tobacco.
In the macoreconomic component, students will learn the basic measurements of a successful economy, full employment, growth, stable prices and internaional competativeness. Stuents will investigate the factors that contribute to the success of each one, how the governement can influence them to achieve their annual goals, and how external factors such as global recessions can infringe upon them.
What will I be covering in the course in Year 13?
The course builds upon the models and theory taught in Year 12 through two modules:
Unit 3 - Business Economics and the Distribution of Income (ECON 3)
Unit 4 - The National and International Economy (ECON 4)
- Paper 1 an assessment of the microeconomics module with a variety of analysis and evaluative questions.
- Paper 2 an assessment of the macroeconomics with a variety of analysis and evaluative questions.
- Paper 3 an issue based assessment covering the entire course with 25 compulsory multiple choice questions.
Economics is a highly regarded subject across the globe, and is particularly relevant for those students considering a future in finance, accountancy, mathematics, civil service, law, taxation, social sciences and engineering, as well as economics itself.
In particular, a qualification in economics will be a signal to universities and employers of your ability to analyse, discuss and evaluate a variety of concepts from a multitude of angles.
How to apply
If you want to apply for this course, you will need to contact Tudor Grange Academy directly.