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Economics at King Edward VII

Course description

  • How to develop an understanding of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life.
  • How to apply economic concepts and theories in a range of contexts and to appreciate their value and limitations in explaining real-world phenomena.
  • How to analyse, explain and evaluate the strengths and weaknesses of the market economy and the role of government within.
  • How to participate effectively in society as a citizen, producer and consumer.

Entry requirements

You do not need to have studied Economics and/or Business at GCSE in order to take an A Level course in the subject.

If you have studied a business related subject at GCSE you must have achieved at least a grade 5.

A grade 5 in English or English Literature AND a grade 5 in Maths is required.

It is vital that you have a keen interest in economic and political affairs and a desire to explore why and how the study of Economics contributes to an understanding of the modern world.  The Economics A level course is very challenging and requires much in the way of personal study.  It is however, a very rewarding subject which provides students with an excellent foundation in a traditional academic subject. Economics is recognised by the Russell Group as a hard subject, but is not listed as a facilitating subject because not many schools and colleges teach it.

To ensure that the subjects you have chosen fit into our timetable please click the link below to download our subject blocking timetable. Please note that this may be subject to change depending on course demand or staffing.

Y12 Subject Blocks 2018-19

NOTE: the school reserves the right NOT to run courses where the number of students is not viable.

Assessment

Unit 1 – Markets and Business Behaviour

Introduces and develops economics and examines how the price mechanism allocates resources in markets. It analyses the nature of market failure. Students should be able to apply supply and demand analysis to real-world situations; to understand why markets might not allocate resources efficiently and the methods of dealing with market failure, together with an evaluation of their effectiveness. Industrial models will also be covered, ranging from Perfect Competition to Monopoly markets.

Assessment: 2 hour paper

Unit 2 – National and Global Economy

Introduces and develops the key measures of economic performance and the main objectives and instruments of economic policy. Students should be able to use a range of  economic models to understand why demand and/or supply side policies may be seen as appropriate ways of managing an economy; predict the possible impact of such policies and to recognise the assumptions involved. Students will need to contextualise the UK in the global market, understanding the movement in global powers.

 

Assessment: 2 hour paper

Unit 3 Microeconomic and Macroeconomic Paper

This paper will be made up of topics from the entire course.

Assessment: 2 hour paper

Future opportunities

Students with AS or Advanced GCE Economics have access to a wide range of possible career and higher education opportunities.  You learn and use a variety of transferable skills throughout the course.  These include:

  • Collecting and analysing economic information from different sources.
  • Development of written communication skills.
  • Development of excellent problem-solving and evaluation skills.

These skills are in great demand and are recognised by employers, universities and colleges as being of great value.  Economics combines well with a range of social science and humanities subjects to lead to University courses in such areas as law, accounting, politics business and, of course economics.

 

 

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.

Last updated date: 21 November 2017

Key information

  • Start date: Next September
  • Duration: 104 Weeks

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