ECONOMICS - AS/A2 Level (Edexcel) at The Crypt School
2 year course offered as part of a full time study programme
Unit 1: Competitive Markets — How They Work and Why They Fail. There is great emphasis on information problems in markets and factors influencing the demand and supply of goods and services – including labour.
Unit 2: Managing the Economy. It will include specific mention of the factors influencing the components of Aggregate Demand, such as the wealth effect on consumption and causes and costs of growth for developed and developing economies.
Unit 3: Business Economics and Economic Efficiency. This unit studies firms’ behaviour, barriers to market entry and exit, economics of scale and game theory.
Unit 4: The Global Economy. It includes the use of policies by governments to achieve their macro and microeconomic objectives; international trade (including exchange rates and comparative advantage) and globalisation; the competitiveness of different countries; poverty and inequality in countries, and what can be done to prompt their growth and development.
In addition to the general Sixth Form entry requirements, a B grade minimum in Maths is required. Students considering this option should note that they will be working with diagrams, analysing and interpreting information in different forms e.g. tables, graphs and charts.
Economics is a very technically difficult and is an academically demanding subject. The language is also very different to that used in Business Studies and it requires independent reading in order to become familiarised with it. A methodical and logical approach to solving problems is required.
At both levels a commitment to personal study outside the classroom is required. Students will be expected to plan their time so that tasks are completed effectively and that deadlines are met.
Your progress will be assessed by your teacher regularly through formative marking, past paper questions, presentations etc.
AS has two modules that are both assessed at the end of year 12.
A2 has two modules that are both assessed at the end of year 13.
There is no coursework component – 100% examination based assessment.
AS and A2 Level Economics are well respected qualifications that are a valuable asset whatever career path a student wishes to follow. It is obviously a useful grounding for those seeking to study Economics, Business, Management or Finance based courses at university but, as the UK economy’s future is likely to be increasingly reliant on the creative industries, it is a valuable learning experience for all.
Who should apply for the course?
Economics is a fascinating subject to study, as it helps you to look more deeply into the world around you – how and why it functions as it does.
Anyone interested in current affairs and in gaining new perspectives on some of the most pressing and challenging problems facing the world today should apply for the course.
Proficiency in Maths and English is an advantage since the course contains numerical elements as well as requiring extensive reading and writing.
How to apply
If you want to apply for this course, you will need to contact The Crypt School directly.