Economics AS/A2 Level *FEES PAYABLE* at Millfield School
These are fascinating times to be studying A level
Economics. Recently, the ‘banking crisis’, and
subsequent recession, made us painfully aware of
the signiﬁcance of economics to our current and
future prosperity. Thousands of people lost their jobs
and the wealth and incomes of most households fell
drastically. Governments around the world, including
those in the USA, UK and China implemented
dramatic policies to tackle the problems and improve
our prospects. In the UK, the Bank of England
slashed interest rates and the Government increased
its spending and lent huge amounts of taxpayers’
money to the banks. The Bank of England and its
American equivalent have even ‘printed money’ to
try to help their economies to grow. More recently
the ‘green shoots’ of recovery have become
apparent. Improvements in the level of production
and employment point to economic recovery.
Studying Economics will help you understand many
of these real world events and enable you to discuss
important economic issues. Should interest rates
be kept at their current very low levels? Is it right
to start cutting government spending to reduce
government borrowing or should the Government
spend even more money to help secure steady
growth in economy? Which services should be cut
or what should they spend more money on?
Then there’s pollution and climate change. How
can we use economic policies to improve the
environment? Is the Euro doomed to failure due
to ‘bailouts’ for countries like Greece and Ireland?
Why did the UK not adopt the Euro in 2002? Does
globalisation beneﬁt the rich countries more than
developing countries? Is the recovery in the housing
The Advanced Subsidiary AS level consists of the following two 90 minute exams:
Unit 1: Competitive Markets (50% of the AS level
marks and 25% of the A level). Eight supported
choice questions and one data response question
from a choice of two.
Unit 2: Managing the Economy (50% of the AS level
marks and 25% of the A level). One data response
question from a choice of two questions including
one part that requires an answer of extended prose
i.e. a ‘mini essay’.
About 90% of our pupils choose to continue with
Economics to Advanced A2 level and take the
following two A2 examinations to complete their
A level qualiﬁcation:
Unit 3: Business Economics (11/2 hour exam for 20%
of the total A level marks). Eight supported choice
questions and one data response question from a
choice of two.
Unit 4: The Global Economy (2 hour exam for 30% of
the total A level marks). One data response question
from a choice of two, plus one structured essay from
a choice of three questions.
GCSE Economics is NOT required.
A minimum of grade B in Mathematics (grade A being desirable) and grade C in English (grade B being desirable) are essential.
Assessment is by examination only.
ATTENTION: Please ensure that you understand that course fees will be
payable before submitting your application.
The prospects for pupils are excellent as Economics
is held in very high regard by universities and
employers. It is a ‘traditional academic subject’ and
the top universities like to offer places to pupils
who are taking Economics as part of their academic
programme. Oxford and Cambridge regard
Economics very highly indeed.
Pupils who take Economics at A level go into a
wide range of careers including law, ﬁnancial
markets, business management, development work
in poorer countries, engineering, politics, accountancy,
consultancy, property development and even teaching.
How to apply
If you want to apply for this course, you will need to contact Millfield School directly.