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Economics AS/A2 Level *FEES PAYABLE* at Millfield School

Course description

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

market sustainable?

Course content

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.

Entry requirements

GCSE requirements

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.

Financial information

ATTENTION: Please ensure that you understand that course fees will be
 payable before submitting your application.

Future opportunities

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.

Last updated date: 15 May 2015
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Key information

  • Start date: Next September
  • Duration: 1 - 2 Years


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    • By Rail 

      Rail users may travel to Castle Cary (12 miles), Bath (30 miles), Bristol (29 miles) or Yeovil Junction (19 miles).

      By Road

      From the M5 leave the motorway at junction 23 and join the A39 eastwards. From the M3 leave the motorway at junction 8 and join the A303 westwards and then the B3151 for Millfield

      ATTENTION: Please ensure that you understand that course fees will be payable before submitting your application.