Economics A Level at The Latimer Arts College
- You will appreciate the contribution of Economics to the understanding of the wider economic and social environment.
- To develop an understanding of economic theories and concepts through critical consideration of current economic issues.
- It will help you to develop an enquiring and analytical approach to economic models and use them in a variety of different contexts.
- To be able to explain, analyse and evaluate the strengths and weaknesses of the market economy and the role of government within it.
In the first year you will study two themes:
- Theme 1: Introduction to markets and market failure. This theme provides an introduction to the nature of economics and examines how the price mechanism allocates resources in markets. It analyses the nature of market failure, its causes and possible policy remedies. At the end of this unit, you should be able to apply demand and supply analysis to real world situations and consider the methods of dealing with market failure.
- Theme 2: The UK economy – performance and policies. This theme provides an introduction to the key measures of economic performance, the main objectives and instruments of macroeconomic policy. You should be able to use aggregate demand and supply models to analyse the economy.
- You will be expected to interpret data including tables and graphs, carry out simple calculations, for example, percentages. You will also need to be able to interpret diagrams and construct graphs.
In the second year of the course you will study a further two themes:
- Theme 3: Business behaviour and the labour market
- Theme 4: A global perspective
Minimum of GCSE Maths and English – Grade B
The course is assessed entirely by external examinations. There are three examinations taken at the end of the second year.
How to apply
If you want to apply for this course, you will need to contact The Latimer Arts College directly.